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Few Questions around GASB87-Lessor Accounting

edited Feb 1, 2024 6:18PM in Lease Accounting 1 comment

Experts/Users of Lease Accounting,

Can you please share your thoughts around the following items for GASB87-Lessor Accounting?

  1. All leases under GASB87, I presume are going to be ‘Finance’ leases. No Operating Leases even if they are for shorter period in comparison to the useful life of the asset.
  2. Expense lease accounting is lot different under Modified and Full Accrual for lessee. For lessee, there is no recognition of ROU/Liability for modified accrual but for lessor accounting, such differences do not seem to exist. Hence I was wondering if we still need such differentiation around Modified Accrual/Full Accrual accounting?

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