Webinar Series

Preparing for GASB 87: Accounting for Leases

This two-part webinar series is designed to cover the ins and outs of GASB 87 and prepare you for implementing the standard.

Return to webinar recordings

Series Description

Many new governmental accounting standards have been put in place in the past two years, with significant impact on utility and governmental financial statements, including GASB 87, which outlines new requirements for governmental entities when it comes to lease accounting. Receive a comprehensive overview of the standard, discuss potential challenges, and review practical application tips and examples on how to prepare for and implement this standard. 

The two-part series includes the following webinars:

  • Accounting for Leases: How GASB 87 Will Rock Your (Financial Reporting) World (2019)
  • Accounting for Leases: Practical Implementation Issues (2019)

Recommended for

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

Speakers

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

Purchase the full 2-part series: $160 for members; $320 for nonmembers

Contact Us

Have questions? Contact 202/467-2997 or or [email protected]

 

Return to webinar recordings

Webinar #1: Accounting for Leases: How GASB 87 Will Rock Your (Financial Reporting) World

Recording length: 1 hour, 26 minutes

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, some entities maybe surprised that some contracts may meet definition of the lease in the future that have not been considered leases in the past.

This webinar will discuss how to evaluate entity’s contracts for lease criteria, outline the different components of leases, and what new internal control processes should be established surrounding leases. Other considerations will cover how new accounting for leases may impact utility’s debt covenant compliances, and rate setting process.

Topics

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

Speakers

  • Julie Desimone,CPA, Partner, National Practice Leader, Energy & Utility Services Group, Moss Adams LLP, Portland, Orego
  • Keith Simovic, CPA, Senior Manager, Energy & Utility Services Group, Moss Adams LLP, Portland, Oregon

 

Webinar #2: Accounting for Leases: Practical Implementation Issues

Recording length: 1 hour, 34 minutes

Building on the first webinar that covers basics definitions of leases, this webinar will cover practical issues of implementation thenew standard including examples of journal entries and financial statement presentation, determining discount rates, financial statement disclosures, and lessor vs. lessee accounting.

Topics

  • What is a lease?
  • Lease discount rate
  • Journal entries for leases
  • Financial Statement presentation and disclosures
  • Lessor vs. lessee accounting

Speakers

  • Olga A. Darlington, CPA, Partner, Energy & Utility Services Group, Moss Adams LLP,Everett, Washington
  • Julie Desimone,CPA, Partner, National Practice Leader, Energy & Utility Services Group, Moss Adams LLP, Portland, Oregon

Purchase the full 2-part series: $160 for members; $320 for nonmembers

Contact Us

Have questions? Contact 202/467-2997 or or [email protected]