In this webinar, LeaseQuery's lease accounting experts will discuss the GASB 87 lease accounting pronouncement background. Next, they will review how to determine what type of agreements are in scope. LeaseQuery will then walk through a comprehensive example of the new government lease standard in action, beginning with determining lease commencement and identifying key dates. Additional steps include calculating the lease asset and lease liability and establishing which interest rates are appropriate. Finally, LeaseQuery's presenters will end the webinar by demonstrating how to create the initial and subsequent journal entries for both lessees and lessors.
Jason Parker is an Accounting Solutions Manager at LeaseQuery. Before joining LeaseQuery, Jason worked in the audit practice at KPMG, serving clients in both the public and private sectors in various industries. Jason obtained the "Double Dawg" status at the University of Georgia, receiving a bachelor’s degree and a Master’s degree in Accounting. He is an active Certified Public Accountant and a current member of the AICPA.
Rachel Reed is a Technical Accounting Manager at LeaseQuery. Rachel's experience includes working in the audit practice at EY, where she served clients across various industries in both the public and private sectors. Rachel graduated from the University of Mississippi (Ole Miss) with a Bachelor's degree and a Master's degree in Accounting.
LeaseQuery helps more than 10,000 accountants and other finance professionals eliminate lease accounting errors through its CPA-approved lease accounting software. It is the first lease accounting software built by accountants for accountants. By providing specialized consulting services in addition to its software solution, LeaseQuery facilitates compliance with the most comprehensive regulatory reform in 40 years for companies across all sectors. For more information about LeaseQuery, visit LeaseQuery.com.