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GASB issues proposed implementation guide

  • GASB document Image

Mar 01, 2019

The GASB has issued a proposed implementation guide, “Leases,” which contains Q&As related to GASB Statement 87.

Topics ad­dressed in the pro­posed guide’s Q&As include:

  • Scope and applicability of Statement 87.
  • Lease term.
  • Short-term leases.
  • Contracts that transfer ownership.
  • Lessee recognition and measurement for leases other than short-term leases and contracts that transfer ownership.
  • Notes to financial statements — lessees.
  • Lessor recognition and measurement for leases other than short-term leases and contracts that transfer ownership.
  • Notes to financial statements — lessors.
  • Lease incentives.
  • Contracts with multiple components.
  • Contract combinations.
  • Lease modifications and terminations.
  • Sale-leaseback transactions.
  • Lease-leaseback transactions.
  • Intra-entity leases.

Com­ments on the pro­posed im­ple­men­ta­tion guide are due by April 30, 2019. For more in­for­ma­tion, see the press release and the pro­posed guide on the GASB’s Web site.

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