The Knowledge Group Has Scheduled a Live Webcast on GASB 87 Is Here…What You Should Know

Top Quote The Knowledge Group, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: GASB 87 Is Here…What You Should Know. This event is scheduled on Wednesday, June 16, 2021 from 3:00 PM to 4:00 PM (ET). End Quote
  • (1888PressRelease) May 27, 2021 - Event Synopsis:
    New lease accounting rules are coming soon for all government entities. After a COVID-19 one-year delay, Statement No. 87 of the Government Accounting Standards Board, Leases (“GASB 87”) is now required for fiscal years beginning after June 15, 2021 and is applicable to both government entity lessees and government entity lessors.

    The required changes are significant, and the focus of this presentation will be on what you need to know about the new standard. While the new standard is more “principles-based” than “rules-based” as in the past, an understanding of the underlying concepts is critical to making sure this all makes sense. This presentation will present these underlying concepts in a way that promotes an understanding of what you need to do, and what you will need to change for success.

    The material presented in this program will be useful as an introduction to persons just beginning to think about implementing GASB 87 as well as an affirmation they are on the right track for persons that have already kicked-off the implementation process. In addition, the material will provide guidance on making the implementation process less painful.

    In this LIVE Webcast, Swenson Advisors, LLP lease accounting veterans Stephen G. Austin and Joel Colbourn will provide an in-depth analysis of how GASB 87 will forever change what you used to know about lease accounting for government entities. Speakers will also provide insight on how to establish processes to ensure continuing compliance going forward.

    Some of the major topics that will be covered include:
    • The New GASB 87 Lease Accounting Standard: Sweeping Implications
    • New Criteria for Determining a Lease
    • How a Lessee Records a Lease; How a Lessor Records a Lease
    • What Are Lease Components and Why Are They Important?
    • Implementing a Technology Solution

    Speakers/Faculty Panel
    Stephen G. Austin, CPA, MBA, Firm Managing Partner
    Swenson Advisors, LLP

    Joel C. Colbourn, CPA, MBA, Lease Accounting Director
    Swenson Advisors, LLP

    For an updated list of the faculty panel, please visit:

    About The Knowledge Group
    Founded in November 2006, The Knowledge Group has been at the forefront of providing quality continuing education programs for lawyers, accountants, financial executives, risk and compliance specialists, human resources professionals, technology officers, and business consultants in a wide range of industries.

    The Knowledge Group strives to be the best-in-class provider of continuing education by bringing forth relevant content you can’t get anywhere else.

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