GASB Lease Accounting Changes: Is Your Tribe Ready?
July 18, 2018
Tribal governments that are both a lessee and a lessor for land, facilities, equipment and slot machines will see significant changes in accounting starting in December of 2019. The GASB Statement 87 is based on the foundational principle that all leases are essentially financings of the right to use an underlying asset.
This webinar expressed the need for tribes, lenders, investors, and other financial statement users to understand and prepare for the new GASB lease standards, and in particular how operating leases are treated.
The webinar was be co-presented by BKD CPAs & Advisors.