Content Provider
Finquerylogo
Middlebanner excel07092024
Handout Materials
Presentation Slides
Additional Materials
Webinar Technical FAQs
Free cpe webinars
GASB 87: Accounting for Lease Modifications
Accounting - Governmental

GASB 87: ACCOUNTING FOR LEASE MODIFICATIONS

Cost Free
Presentation Length 1.0 hour

Recorded DateMay 12, 2020
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAccounting - Governmental
Course LevelBasic
Who Should AttendCPA - small firm
CPA - medium firm
CPA - large firm
Other
Course Description

In this live event, LeaseQuery’s lease accounting experts will describe what triggers a lease modification and how to account for them under the new governmental lease standard, GASB 87. The second half of this presentation will include a comprehensive example of a lease modification within the framework of GASB 87. This example will begin with an explanation of what triggers a lease modification and walk through the adjusting journal entries required for both lessees and lessors.
 
Learning Objectives:


  • Understand the correct accounting considerations and treatment for modifications under GASB 87

  • Identify practical examples of lease modifications and when/how to apply them correctly

  • Understand how to prepare the adjusting calculations for lease modifications when they occur

  • Understand how to prepare the adjusting journal entries for lease modifications for both lessees and lessors

Not logged
PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
Linkedin

Rachel Reed

FinQuery
Team Lead, Technical Accounting Consultant
[email protected]
(800) 880-7270

Finquerylogo

Rachel Reed is a Lead Senior Technical Accounting Consultant at FinQuery. Rachel’s experience includes working in the audit practice at Ernst & Young (EY), where she served clients across a wide variety of industries in both the public and private sectors. Rachel graduated from the University of Mississippi (Ole Miss) with both a Bachelor’s and Master’s degree in Accounting.

Linkedin

Abdi Ali

FinQuery
Technical Accounting Consultant
[email protected]
(800) 880-7270

Finquerylogo

Abdi Ali is an Accounting Manager at FinQuery. A former Grant Thornton audit associate, Abdi helps FinQuery’s customers understand and implement the new lease standards. While at Grant Thornton, he assisted in the audits of various publicly traded and privately held clients. He also has experience as a general ledger accountant. Prior to FinQuery, Abdi earned a Bachelor’s degree in Accounting followed by a Master’s degree in Professional Accountancy from Georgia State University’s Robinson College of Business.

About Our Presenter

Finquerylogo
FinQuery, formerly LeaseQuery, empowers 36,000+ professionals to optimize decisions in their top spending areas—leases, software subscriptions, and financial contracts—setting them apart in the market. Their award-winning AI-driven software minimizes risk, boosts efficiency, and cuts costs. Explore FinQuery’s Platform for contract and spend intelligence, including solutions for contract management, specialized accounting ensuring compliance with ASC 842, IFRS 16, GASB 87 and GASB 96, and software management.