Leases & Daughters — GASB 87, Leases, and New Guidance on Cloud Computing and P3
Recorded On: 05/27/2020
Since issuing GASB 87, Leases, GASB has followed up not only with extensive implementation guidance for that statement but also with guidance on accounting and financial reporting for cloud computing and public-private (and public-public) partnerships that is explicitly based on the leases standard. This session will be an opportunity to review the authoritative literature and hear about governments that have begun or completed GASB 87 implementations. In addition, speakers will present on the similarities and differences between the newer guidance and lease accounting and provide tips that all governments can use to prepare for this next change.
David R. Bean
Director of Research and Technical Activities, Governmental Accounting Standards Board
David R. Bean is the director of research and technical activities for the Governmental Accounting Standards Board. He assigns and provides oversight to the GASB’s research, technical, and administrative activities.
Prior to joining the GASB in 1990, David worked in public accounting and government. He also has served as Deputy Chairman of the International Public Sector Accounting Standards Board (IPSASB). He was the lead author on the 1988 Governmental Accounting, Auditing and Financial Reporting and was the founder of the GAAFR Review. He was the last director of the National Council on Governmental Accounting before the formation of the GASB in 1984.
David is a member of the Government Finance Officers Association, the Connecticut and Illinois Government Finance Officers Associations, the American Institute of Certified Public Accountants, the Illinois CPA Society, the Association of Government Accountants, the National Federation of Municipal Analysts, and the Municipal Analysts Group of New York.
Chief Project Manager, Ohio Auditor of State
Tracie serves as a Chief Project Manager for the Local Government Services Section of the Auditor of State’s Office. She has over twenty years of experience with local governments. Tracie provides technical support related to Generally Accepted Accounting Principles and AICPA reporting standards.