In June 2017, the Governmental Accounting Standards Board (GASB) issued Statement Number 87, Leases, significantly changing the accounting and reporting requirements for lease arrangements. The standard is effective for reporting periods beginning after December 15, 2019, which means it’s time to start planning for implementation.
In this on-demand webcast, we'll cover how changes introduced by GASB 87 may affect your tribe or tribal entity. We’ll also address key revisions to lease recognition, measurement, and related disclosures; implications for lessees and lessors; and details of the standard, including:
- The overall scope and objectives
- Timing and transition requirements
- Implementation strategies