The GASB 87 lease reporting standard has been all but forgotten.
In the hype of public companies preparing for compliance last year and private companies up next at the plate in 2019, the complementary mandate for government bodies is flying under the radar.
But the deadline is the same - Jan. 1, 2020 - and all the same repercussions apply to GASB 87 offenders as they do to FASB 842.
It’s time to bring GASB 87 out of the closet.
We put together a list of the essential facts you need to know about GASB 87. With a short timeline of just 9 months to plan and execute - and few solutions on the market - you’ll benefit from understanding the dos and don'ts now.