Article

GASB Offers Implementation Guidance on Leases Standard

April 9, 2018

The Governmental Accounting Standards Board’s (“GASB”) leases standard goes into effect late next year, but the board urges state and local governments to start the implementation planning process now. Issued last June, GASB Statement No. 87, Leases, significantly changes how governments report leases on their financial statements.

To assist governments, the GASB has published implementation guidance concerning GASB Statement No. 87. Read all about it at GASB.org.