GOV2405. GASB 87, 94 and 96 - Common errors/misconceptions

This session will discuss some of the most common accounting and implementation considerations related to GASB Statement Nos. 87, 94, and 96 (Leases, P3s, and SBITAs), including subsequent considerations for modifications, terminations, and measurements.

Learning Objectives:

• Identify common accounting and implementation issues related to GASB Statement Nos. 87, 94, and 96.
• Distinguish subsequent accounting considerations after the initial implementation, including lease modifications, reassessments, and terminations.