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By: FinQuery + Sikich

GASB 87/96 Lessons Learned for SFFAS 54: Lease Accounting Transition Advice from the Experts

Calendar IconThursday, December 11, 2025 Clock Icon 11:00 AM EST
Level
Basic
Subject
Accounting
Cost
Free
CPE Credits
1.00 hour

Learning Objectives

  • Completeness of Population: Discover best practices for initial scoping/population determination for both leases and SBITAs, and how to structure inter-departmental discussions to ensure you find every contract (a common pain point!).
  • Defining the Arrangement: Clarifying the complex areas of short-term leases, contracts that transfer ownership, and applying state-mandated materiality thresholds.
  • Real-World Application: Practical insights on key calculations like Lease Term (renewal/termination options), discount rates, and the measurement of the lease liability and asset.
  • The Federal Hurdle: Insights into the upcoming SFFAS 54 embedded lease implementation, and how lessons from GASB 87/96 can inform your strategy.

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Meet the Speakers

Jaron Moss
Jaron Moss
Jaron Moss
Jaron Moss
Jaron Moss
Jaron Moss

Course Description

Join our roundtable of experts from FinQuery and Sikich as we take an in-depth look at the lease accounting changes required under SFFAS 54 and lessons learned from the GASB 87 & GABS 96 transitions. We’ll move beyond the basics to dive into the most common pitfalls and practical solutions observed in the field, helping you streamline your path to SFFAS 54 compliance.
What Covered

CPE Details

Details

Program Level: Basic
Prerequisites: None
Advanced Preparation: None
Delivery Method: Online
Recommended CPE Credit: 1
Field of Study: Accounting

Who Should Attend

Accounting and finance professionals from federal government agencies who manage medium-to-high volume leases will benefit most from this event, along with CPAs who serve clients with a similar volume of leases.

Sponsor Statement

FinQuery, LLC 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: NASBAregistry.org. For more information regarding administrative policies such as complaints, please contact CPEinfo@finquery.com.

Program Cancellation Policy

If a program is cancelled, FinQuery will notify registrants via the email address that they used to register for the program.