Event Overview
Course Description:
Governments are in the process of gearing up for GASB-87 Leases. In this third part of a three-part series, we will walk through the basics of GASB-87, focusing on special issues and implementation challenges including subleases, sale-leasebacks, lease-leasebacks, related entity leasing and how GASB-94, GASB-96 and an upcoming Omnibus may impact your GASB-87 implementation project. One or two “special issue” leases will be reviewed in detail to show why these leases will need added attention.
Learning Objectives:
- Analyze the implementation challenges involving subletting, sale-leasebacks, lease-leasebacks, related party and similar leases, using one or two leases that show why these are difficult.
- Describe how GASB-94, 96 and a proposed Omnibus may impact your GASB-87 implementation project.
- Generalize potential audit pitfalls involving these contracts.
Eric S. Berman, MSA, CPA, CGMA, Partner | Eide Bailly
Eric is a nationally recognized speaker, author, thought leader and auditor with a wealth of government client experience. He brings a unique perspective to the firm's clients as a former Deputy Comptroller of the Commonwealth of Massachusetts, a chief financial officer of a state agency and an audit partner with clients ranging from a well-known stadium to statewide pension systems. Eric's unique background and decades of governmental accounting, auditing and controllership experience allows his clients to meet their standards and goals and achieve new success along the way. He's been recognized with several major awards for his public service and work, and his insight means he can help you solve problems before they happen.
James Ramsey, CPA, CFE, Partner | Eide Bailly
James works with governmental and nonprofit agencies throughout California providing accounting, assurance and advisory services. He has worked both on the client side and the assurance side and is able to provide this unique perspective to his clients. His expertise includes audits of governmental agencies, nonprofits and the performance of Single Audits. James is also a presenter for his clients presenting on topics including reporting, Single Audit and updates to U.S. GAAP.
Before going into public accounting, James began his career in the Finance department of a small city and performed most, if not all, of the functions of a finance department during his seven years there. This unique background and expertise allow James to provide more focused advisory services and solutions to his clients.
CPE Credits: 2
Field of Study: Accounting (Governmental)
Level of Knowledge: Intermediate
Delivery Method: Group-Internet Based
Additional Information: This is a Group-Internet Based Webinar. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Amy DeGeorge.