Implications of the Proposed GASB Delay on Your Leasing Project
Over the last few months, much has changed in the GASB 87 world. Covid-19 has overwhelmed resources and budgets. Workforces have been delegated to remote environments with a return to normality nowhere in sight. Accordingly, GASB has proposed to postpone by one year the effective date of GASB 87 as well as other accounting standards.
Whether you have already started your GASB 87 project or not, the implications of this ever-changing environment will propose significant risk to the overall GASB 87 adoption process.
Lease accounting experts from RGP Healthcare and LeaseAccelerator discuss how you can effectively use your time to achieve the best results for your leasing project and generate substantial value to the organization.
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- How to manage the additional time to button up the retrospective requirements of GASB 87
- How to utilize the additional time to yield more favorable implementation terms, more seasoned resources, and reduce the overall cost of compliance
- How effective lease management can be used to increase flexibility of operations and drive incremental free cash flow
- How alternative accounting and administration solutions reduce the scope and complexity of adoption and sustained compliance under GASB 87
Director of Healthcare,
Dennis L. Carey