GASB 87: Are You Ready?
Total Credits: 1.5 including 1.5 Accounting (Governmental) - Technical
- Average Rating:
- 5
- Categories:
- Accounting and Auditing | ACPEN Industry Institute
- Faculty:
- Melisa F. Galasso
- Course Levels:
- Basic
- Duration:
- 1.5 Hours
- License:
Description
Government leases are getting an overhaul. GASB Statement 87 was issued in 2017 and provides an update on the proper accounting for leases from both the lessee and lessor point of view. This course will help attendees understand the nuances of the updated definition of a lease as well as other significant changes to terminology. Attendees will discuss the impact of the changes to financial reporting as well as the key challenges that governments and auditors will need to consider to properly implement the new standard. This interactive course includes the preparation of journal entries to assist in understanding impact.
Basic Course Information
Learning Objectives- Define a lease per GASB 87
- Prepare journal entries for lessee and lessor accounting compliant with GASB 87
Major Subjects
- Identifying leases
- Recognition and Measurement Guidance
Course Materials
| Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (442.7 KB) | Available after Purchase | ||
| GASB 87 Leases - Are You Ready - Student Material (1.3 MB) | Available after Purchase | ||
| Q&A - GASB 87- Are You Ready? (12.7 KB) | Available after Purchase | ||
Faculty
Melisa F. Galasso Related Seminars and Products
Founder and CEO
Galasso Learning Solutions LLC
Melisa Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical acconting and auditing topics, including not-for-profit and governmental accounting. She also supports essential professional development, audit level training, and train the trainer efforts. Melisa is a Certified Professional in Talent Development (CPTD) and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers. Within the industry, Melisa serves on the FASB’s Not-for-Profit Advisory Committee (NAC), AICPA Council, and the VSCPA’s Board of Directors. She previously served on the AICPA’s Technical Issues Committee (TIC) and is a past-Chair of the NCACPA’s A&A committee. Melisa also authors the AICPA’s State and Local Government Guide and serves as a SME for the Center for Plain English Accounting.
Additional Info
Basic Course Information
Prerequisites NoneAdvanced Preparation None
Designed For Ideal for practitioners and members in industry responsible for accounting and financial reporting for governmental entities
Original Recording Date 09/2022
Yellow Book No
Course Developer Galasso Learning Solutions
Date Added to Catalog 09/06/2022
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
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