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Government leases has been overhauled. GASB Statement 87 was issued in 2017 and provides an update on the proper accounting for leases from both the lessee and lessor point of view. In this FREE CPE webinar, LeaseQuery’s lease accounting experts will describe what triggers a lease modification and how to account for them under the new governmental lease standard, GASB 87.
The second half of this presentation will include comprehensive coverage with an example of a lease modification within the framework as per GASB 87.
This example will begin with an explanation of what triggers a lease
modification and walk through the adjusting journal entries required for both
lessees and lessors. An example would be a real-world case study and would cover all the scenarios. We shall also review the updated definition of a lease as well as other significant changes to terminology and current practice that entities and auditor's will need to consider to properly implement the new standard
The webinar will cover:
Accounting Manager, LeaseQuery, LLC
Abdi Ali is an Accounting Manager at LeaseQuery. A former Grant Thornton audit associate, Abdi helps LeaseQuery's customers understand and implement the new lease standards. While at Grant Thornton, he assisted in the audits of various publicly traded and privately held clients. He also has experience as a general ledger accountant. Prior to LeaseQuery, Abdi earned a Bachelor's degree in Accounting followed by a Master's degree in Professional Accountancy from Georgia State University's Robinson College of Business.
Technical Accounting Manager, LeaseQuery, LLC
My name is Rachel Reed, and I am one of the Technical Accounting Managers here at LeaseQuery. I started out my career as an auditor at Ernst & Young and come from an accounting background, as I have a Masters in Accounting from the University of Mississippi.
Duration
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Pre-requisites
Advance Preparation
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) 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: www.NASBARegistry.org.
209 Ratings
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66
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TR
Jun 11th, 2020
Great learning platform. Thank you.
CL
Jun 11th, 2020
awesome presentation thank you
AC
Jun 11th, 2020
went off without a problem
SL
Jun 11th, 2020
Very Good !! Graces !!
CB
Jun 29th, 2020
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1 Credit
Add to WatchlistThis course is set to be rescheduled shortly. Please fill out the short form below, and we'll let you know as soon as the course becomes available
1. How can I earn Continuing Education credits for live webinars?
A: To earn credits, you must register for the webcast before it begins. Attend the entire live webinar and respond to polling questions if supported.
2. When will I receive my Continuing Education Credit Certificate?
A: You'll receive your certificate within 24 hours after each webinar.
3. What's the basis for credit issuance?
A: Credits are issued on a 50-minute credit hour basis.
4. What if I can't use the polling feature on a web browser?
A: The polling feature is only supported on the Zoom desktop and mobile app. You can provide responses in the chat if needed.
5. Are these live events or recordings?
A: Some events may be recorded, but instructors will be available for questions during/after the webinar.
6. Do myCPE courses meet professional standards?
A: Yes, myCPE meets global Continuing Professional Development (CPD-IES7) standards for various accounting and financial professions. Confirm with your licensing organization if needed.
7. Where can I manage my certificates and credits?
A: You can manage them through your certificate dashboard when logged into your account.
8. Is myCPE accredited for Continuing Professional Education in the United States?
A: Yes, myCPE is accredited by various professional organizations, making it suitable for fulfilling continuing education requirements.
9. Who can take myCPE courses?
A: myCPE courses are suitable for professionals with 100+ designations, including CPAs, CMAs, CFAs, and more.
10. What's the refund and complaint resolution policy?
A: To learn about the refund and complaint resolution policy, click here for details.
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