Making Peace with Leases

Many governments have or will soon be finalizing their first financial statements prepared using GASB’s new lease guidance now in effect. For some, this will be a post-mortem, a chance to compare notes on how the transition went, and get suggestions on ways to make future accounting and financial reporting for leases easier. For others, this will be an opportunity to fine-tune initial implementation before "pulling the trigger" on lease accounting. Speakers, including practitioners who have already implemented the new guidance and auditors, will address some of the more common issues seen with implementation thus far.