Accounting Standard | CAFM-Blog.de

What is GASB 87 Leasing?

June 28, 2024

The new GASB 87 lease accounting standard is a significant innovation in accounting for government authorities and government organizations. The Governmental Accounting Standards Board (GASB) developed this standard to improve the recording and presentation of lease agreements in the financial statements of government entities. GASB 87 came into effect on December 15, 2019, and has significant implications for the accounting and financial reporting of government institutions. The new standard replaces GASB 13 and introduces essential […]

What is GASB 87 Leasing? Read more »

IFRS 16 Leases: What Companies Need to Know About the New Regulations

The International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB). One of the latest standards is IFRS 16, which came into effect in January 2019. This standard has significant implications for the accounting of lease agreements and is therefore of great importance to companies. What is IFRS 16 and why was it introduced? IFRS 16 is an accounting standard,