Accounting for Leases: How GASB 87 Will Rock Your (Financial Reporting) World

Part of a two-part webinar series is designed to cover the ins and out of GASB 87 and prepare you for implementing the new standard.
April 30, 2019
2:00pm EDT - 3:30pm EDT

Return to webinar listing

Webinar Description

A lease is a type of transaction undertaken by an entity for the right to use an asset. As simple as this definition may sound, utilities may be surprised that some existing contracts now meet the new definition of a lease—as defined in the updated GASB 87 requirements—that have not been considered leases in the past. Learn how to take inventory and evaluate your contracts for lease criteria, outline the different components of leases, and what new internal control processes should be established surrounding leases. Hear how new accounting for leases may impact your utility’s debt covenant compliance and rate setting process.

Topics include:

  • What is a lease?
  • Contract evaluation
  • Internal controls surrounding leases
  • Debt covenants
  • Rate setting impacts

Who Should Participate

Utility accounting and finance personnel, rate analysts, and staff involved in management and financial planning.


  • Olga A. Darlington, CPA, Partner, Energy & Utility Services Group, Moss Adams LLP, Everett, Washington
  • Keith Simovic, CPA, Senior Manager, Energy & Utility Services Group, Moss Adams LLP, Portland, Oregon

Series Description

This two-part series provides a comprehensive overview of the new GASB 87 standard, which will have significant implications for public power utilities with regards to lease accounting. Review details of the new standard, discuss potential challenges, and hear practical application tips and examples on how to prepare for and implement changes to ensure compliance. 

Return to webinar listing

Registration/Fee Information

Individual webinars: $109 for members; $209 for nonmembers

Please click on each webinar title to register individually:

The 2-part series (discounted rate): $160 for members; $320 for nonmembers (one free webinar)

  • Register for the series (2 webinars)
  • Webinars are recorded and available for playback, in case you miss the live version.

Return to webinar listing


  • You will need a username and password to register. If you need assistance, please contact our web services staff.

How to Join a Webinar

  • Log-in information will be sent out the morning of each event (around 10:30 a.m. Eastern). If you do not receive the reminder email, please call 202-467-2965 or email [email protected]). 
  • Registration is for one phone line and one computer. If you have multiple employees participating from the same location, all can listen in via speaker phone.
  • You may use voice over internet protocol (VoIP) instead of a phone line. This option allows you to listen to the webinar audio through your computer’s microphone and speakers.
  • Submit your questions for speakers before the webinar — email them to [email protected]. You may also ask questions via online via chat during the webinar.


  • Each webinar is worth 1.5 CPEs/.2 CEU/1.5 PDH credits
    CPE Field of Study: Accounting
  • The completion certificate is only available to the person who registered for the webinar and attendance is confirmed by the webinar report log.
  • Links to all handouts and an audio recording will be sent out shortly after the webinar.

Contact Us

Contact 202-467-2965 or [email protected].