In June 2017, the Governmental Accounting Standards Board (GASB) established new guidance that establishes a single approach to accounting for and reporting leases by state and local governments, including public schools and special purpose entities.
Michelle Horaney, national leader for RSM US LLP’s education industry practice and member of the firm’s national professional standards team, will take a deep dive into the new lease standard and share key accounting and financial reporting included within the standard and what to plan for when implementing the standard.
- Accounting for leases by lessors
- Accounting for leases by lessees
- What to do today to prepare for implementation