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GASB 87/96 Lessons Learned for SFFAS 54: Lease Accounting Transition Advice from the Experts
December 11, 2025 @ 11:00 am – 12:00 pm EST
Free
1 CPE credit
Learning Objectives
- Completeness of Population: Discover best practices for initial scoping/population determination for both leases and SBITAs, and how to structure inter-departmental discussions to ensure you find every contract (a common pain point!).
- Defining the Arrangement: Clarifying the complex areas of short-term leases, contracts that transfer ownership, and applying state-mandated materiality thresholds.
- Real-World Application: Practical insights on key calculations like Lease Term (renewal/termination options), discount rates, and the measurement of the lease liability and asset.
- The Federal Hurdle: Insights into the upcoming SFFAS 54 embedded lease implementation, and how lessons from GASB 87/96 can inform your strategy.
