Originally published March 2020; Updated August 2021.
Johnson Lambert is dedicated to keeping you up to date on the impact the Governmental Accounting Standards Board (GASB) Statement No. 87, Leases will have on your financial statements. This white paper presents the most significant changes to lease accounting and reporting. GASB 87 is effective for reporting periods beginning after December 15, 2019.
If you have any questions about this white paper, contact the Johnson Lambert team.