GASB 62 vs. GASB 87
The latest GASB Implementation Guide was released in August 2019. To help you better understand the new guidelines, our Technical Accounting Manager, Jason Parker, outlines the major differences between GASB 62 and GASB 87.
Recent Blogs
GASB 87 vs ASC 842 Explained: Five Differences from a Lessee’s Perspective
There has been a lot of material in the marketplace about lease standards and the differences across industries and jurisdictions. Up until this point, the majority of this has been individually focused on ASC 842 for FASB compliance and GASB 87 for those reporting...
Lease Accounting Explained: New Standards, Lessee vs. Lessor, Changes, Calculations, & More
1. What is lease accounting? 2. Understanding lessee vs. lessor Lessee definition Lessor definition 3. Lease accounting under the old standards 4. Lease accounting standards: changes and full examples ASC 842 IFRS 16 GASB 87 SFFAS 54 FRS 102 5. Why were new standards...
Lease Data for Accounting: How and What to Collect
Accurate and complete lease data is essential for several reasons. Firstly, it ensures compliance with lease accounting standards such as ASC 842, IFRS 16, and GASB 87. Secondly, lease data significantly impacts financial statements and key metrics, influencing a...
