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Government Accounting Standards Board (GASB) new lease accounting standard, Statement No. 87, Leases, implementation date is effective for governments with reporting periods beginning after June 15, 2021. 

Baker Tilly is providing a lease tool to help evaluate the impact of adopting this standard. This lease tool assists in identifying contracts as potential leases. Once a contract has been identified as qualifying as a lease under GASB 87, it will identify additional information required to record and disclose each lease.

This tool will be useful to create an inventory of all identified leases with the adoption of this standard. 

Download the tool

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Jodi Dobson
Partner, CPA
Government building columns, architecture
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