Back to Search

GASB 87: Implementing The New Lease Accounting Standard In Governmental Entities Webinar


Dec. 10
9:00 a.m. - 12:30 p.m.

CPE Credits



PICPA Member: $139 | Nonmember: $189

 More Information

Course No.
Taught by the course author!


Understand how the transition from operating leases to capitalization affects governmental entities, as well as the similarities and differences between ASU 2016-02 and GASB 87. Learn to separate lease and non-lease components, and the lease capitalization model for lessors. Review GASB’s implementation guidance.


  • The asset-liability approach to leases and its effect on the balance sheet
  • Definition of a lease
  • The control approach to analyzing leases
  • The effect of lease classification on covenants and debt arrangements
  • Embedded and short-term leases
  • Analyzing lease payments, incentives and options
  • Implementing the present value, right-of-use approach
  • Renewal, termination, and other lease specific issues
  • Sale-leaseback, lease-leaseback, and intra-entity leases


Dr. Ray Thompson, CMA, CFM, CBA

Dr. Ray Thompson is Emeritus Associate Professor of Accounting & Finance at the University of Pittsburgh. He served as department head at the UPJ campus for over 25 years. He was also Associate Director of UPJ’s Entrepreneurial Development Assistance Project, where he was involved in financial consulting and assisting in preparing loan proposals for small business start-ups.

He has taught in graduate and undergraduate business programs in Europe, Africa and the US. He received his B.S. and M.S. degrees in Economics and Systems Dynamics from the University of Bradford in the United Kingdom, his M.B.A. in Accounting from Xavier University of Ohio, and his Doctor of Business Administration from Nova University. Ray is also certified in Financial Management and is a Certified Management Accountant and Certified Business Appraiser. He recently became certified in International Financial Reporting Standards though the Institute of Chartered Accountants in England and Wales.

Ray is a professional educator and writer. He authors and conducts professional development seminars for Fortune 500 and international corporations, multinational financial institutions, State CPA Societies, and CPA firms throughout the US. In addition to these live seminars, he also produces both recorded and written courses for self study. He also provides business valuation services and consults with accounting firms and sole practitioners on a range of accounting issues in the area of valuation. Ray was part of the George & Ray team which offered Accounting & Auditing courses for over 20 years.

Ray is a member of the Institute of Management Accountants and the Institute of Business Appraisers. He is also a faculty associate member of AICPA and PICPA, and is a member of the Financial Reporting Faculty of ICAEW. He lives in Bedford County, PA, and can be reached at (814) 839-0143 by phone or at


You May Also Like

Accounting and Auditing Current Developments Webcast
Sept. 21 | Webinar
Receive a fast-paced overview of major issues affecting accounting profession. Prepare to implement the lease standard. Obtain a progress report on standards affecting debt covenants, not-for-profits, and credit losses. Understand ...
FASB/SAS Update Webcast
Oct. 2 | Webinar
Hear about newly issued and forthcoming accounting pronouncements. Learn practical insights into the new lease standard, ASC 842. Become familiar with new standards involving debt covenants and waivers, not-for-profit reporting, ...
PICPA Ethics Update for CPAs in Business and Industry Webcast
Oct. 19 | Webinar
Understand how ethics standards issued by the AICPA and state societies apply to CPAs in business and industry. Examine the new codification of professional ethics. Recognize the profession’s public responsibility. ...