United States

Proposed implementation guide on leases

FINANCIAL REPORTING INSIGHTS  | 

The Governmental Accounting Standards Board (GASB) recently issued an Exposure Draft, Implementation Guide – Leases, to provide guidance that clarifies, explains or elaborates on the requirements of GASB Statement No. 87, Leases. If finalized, the requirements of the proposed implementation guide will be effective for reporting periods beginning after December 15, 2019. The Exposure Draft is available for comment until April 30, 2019.