Join the LeaseQuery team as we take an in-depth look at the lease accounting changes created by GASB 87. We will begin by reviewing the standard and the important concepts defined within. Next, we will explore comprehensive examples of applying the new lease accounting standard for both lessees and lessors. Our lease accounting experts will demonstrate identifying lease commencement and other key dates. Additionally, we will establish how to calculate the lease asset and lease liability for a lease in progress at the time of transition and establish which interest rates are appropriate. Finally, we will end the presentation with an example demonstrating how to create the initial and subsequent journal entries for both lessees and lessors.
Learning Objectives:
FinQuery
Accounting Manager
[email protected]
(800) 880-7270
Abdi Ali is a Technical Accounting Manager at LeaseQuery. Prior to joining LeaseQuery, he began his career as an audit intern at Grant Thornton LLP and soon after joined full time as an audit associate. While at Grant Thornton, he assisted in the audits of various privately-held entities. Ali also has experience as a Corporate Accountant from positions he held after his time at Grant Thornton. 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.