GASB 87: State and local government entities face special challenges beyond mere accounting
Mark Koppersmith | January 2, 2020
The standard generally mirrors leasing standards issued by the Financial Accounting Standards Board and the International Accounting Standards Board, although there are specific differences in accounting treatment. Government entities also face other challenges specific to the nature of their operations, challenges that many may not have anticipated, and which are related to the very nature of their organizations.
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