Guidance and Helpful Links
- GASB Statement No. 87 - Leases
- GASB 87 Implementation Guide No. 2019-3, Leases
- GASB 87 Implementation Guide No. 2021-1, Implementation Guidance Update-2021
- GASB 87 Lease Accounting Checklist
- How to Create a Leased Asset
- GASB 87 New Lease Expenditure GLs (Effective July 1, 2021)
- Asset Class Listing (Effective July 1, 2021)
- GASB Statement No. 96 - Subscription-Based Information Technology Arrangements
- GASB 96 Guide
3.09 Lease Reporting Reconciliation Support
- 3.09 Lease Reporting Package Step-by-Step Procedures (PDF)
- To Change/Transfer Asset Class - Without Budget or Cash Impact (PDF)
- To Add Value/Capitalize a Leased Asset - ABZON (PDF)
- To Reduce Asset Value (Partial Retirement) OR Retirement of Leased Asset - ABAVN (PDF)
- Note: Use transaction code AB08 to reverse Asset Documents.
- Part 1 Reconciliation File Overview (Video)
- Part 2 Monthly Reconciliation Distribution Report - BOBJ Tutorial (Video)
- Part 3 Reconciling GL to Payment Schedule (Video)
- Part 4 Reconciliation Potential Difficulties and How to Handle (Video)
3.11 SBITA Reporting Reconciliation Support
3.11 Reporting Package Reconciliation Walk-through (Video)
Interest Rates
Guidance for Implicit Interest Rates
Real Estate
IRS Implicit Rates for Real Estate
Equipment and Machinery
Implicit Rates for Machinery and Equipment
Federal Reserve Prime Rate "Bank Prime Loan" Rate
SBITA
Federal Reserve Prime Rate "Bank Prime Loan" Rate
Memos
GASB 87 Lease Implementation Guidance Update (06-25-2021)
Video Tutorials
GASB 87 Implementation
- Step 1: GASB 87 Lease Implementation
- Step 2: Lease Calculator for GASB 87
- Step 3: Amortization Schedules in Lease Implementation File
- Step 4: Setting Up Data to Create Asset Schedule for SCEIS
- Step 5: Verifying the Create Asset Tab is Correct
- Step 6: ABZON Tab
- Steps 7 - 10: Completing GASB 87
- GASB 87 Q&A June 22, 2022