GASB 87 AMORTIZATION SIMPLIFIED!!!
Автор: Accounting Journal Entries
Загружено: 2024-06-16
Просмотров: 477
Описание:
Hello, everyone! Welcome back to our channel. Today, we're diving into GASB 87 and how to calculate an amortization schedule for leases. GASB 87, established by the Governmental Accounting Standards Board, requires organizations to recognize a lease liability and a right-to-use lease asset. This video will guide you through the key concepts of GASB 87, including lease classification, lease liability, and right-to-use asset. We'll also walk you through a step-by-step process to calculate an amortization schedule with a practical example. By the end of this video, you'll be able to simplify your lease accounting and ensure compliance with GASB 87. Stay tuned!
Topics Covered:
Understanding GASB 87
Key concepts of lease accounting
Step-by-step guide to calculating an amortization schedule
Practical example with detailed calculations
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