GASB issues implementation guide on lease accounting
FINANCIAL REPORTING INSIGHTS |
The Governmental Accounting Standards Board (GASB) recently issued Implementation Guide No. 2019-3, Leases, to provide guidance that clarifies, explains or elaborates on the requirements of GASB Statement No. 87, Leases. The implementation guide and Statement No. 87 are effective for reporting periods beginning after December 15, 2019.