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Live Webcast Replay

GASB 87: Are You Ready? 2023

Total Credits: 1.5 including 1.5 Accounting (Governmental) - Technical

Average Rating:
ACPEN Industry Institute |  Accounting and Auditing
Melisa F. Galasso
Course Levels:
1.5 Hours
Product Setting: Expires 30 day(s) after program date.

Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


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 points-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
  • GASB Statement 87
  • Financial Reporting

Course Materials


Melisa F. Galasso's Profile

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.



Mon, Mar 04, 2024 - 09:00am to 10:21am MST
Sat, Mar 09, 2024 - 09:00am to 10:21am MST
Tue, Mar 12, 2024 - 04:00pm to 05:21pm MDT
Mon, Mar 25, 2024 - 02:00pm to 03:21pm MDT
Thu, Apr 11, 2024 - 07:00am to 08:21am MDT
Fri, Apr 19, 2024 - 09:00am to 10:21am MDT
Mon, Apr 29, 2024 - 12:00pm to 01:21pm MDT

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For All accounting professionals
Original Recording Date 05/01/2023
Course Developer Galasso Learning Solutions
Date Added to Catalog 5/6/2023

Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints., (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:

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 if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 



Overall:      4.9

Total Reviews: 7