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Get Ready for GASB: What to Know about Lease and SBITA Accounting

GET READY FOR GASB: WHAT TO KNOW ABOUT LEASE AND SBITA ACCOUNTING

Cost Free
Presentation Length 1.0 hour

Recorded DateNovember 17, 2022
CPE:Not available
(archived webinars do not offer CPE credits)
Course LevelBasic
Course Description

Does your organization still have work to do to implement GASB 87 (leases) and GASB 96 (SBITAs)? You’re not alone. A recent report has shown that 44% of the government market is not fully prepared to transition to GASB 87. And nearly one-fourth of government entities are unaware of GASB 96.  

Even if you have decided on a path forward, it’s likely you could improve the controls around your contracts to ensure you stay compliant as your contracts change. Without proper controls, your organization is prone to making big mistakes that could negatively impact your organization’s audit.  

Learning Objectives:


  • List the similarities between GASB 87 and GASB 96 and outline how to ensure compliance 

  • Recommend how to establish a process that promotes ongoing accuracy as contracts evolve 

  • Identify the opportunity that lies within lease and SBITA accounting

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Joseph Fitzgerald

Visual Lease LLC
SVP of Lease Market Strategy
[email protected]
(732) 734-8064

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Joe has more than 20 years of experience in finance and lease accounting consulting. He informs our product roadmap, deepens strategic partnerships and supports go-to-market strategy. Previously, he served as EY’s practice leader for Lease Accounting and Technology, helping companies navigate the new lease accounting standards.
 

Zena Thomas

Visual Lease LLC
Technical Accountant & Lease Accounting Product Owner
[email protected]

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Zena has over 20 years of accounting experience. She has worked in corporate accounting and as an auditor within financial institutions and BOEs. Zena has led projects on corporate intercompany automations and developed corporate ERP education for company mergers.

As the Lease Accounting Product Owner at Visual Lease, Zena is responsible for creating models for new products, user acceptance testing and research of accounting guidance.

About Our Presenter

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Visual Lease is the #1 lease optimization software provider. We help organizations become compliant with FASB, IFRS and GASB lease accounting standards, while simultaneously improving the financial, legal and operational performance of their leases.