Preparing for GASB’s New Leasing Standard

Last year, GASB changed its lease accounting rules—meaning that big changes are in store for all tribal governmental entities that are both a lessee and lessor for land, facilities, equipment and slot machines. And while the new rules won’t officially take effect until December 2019, GASB is encouraging early application.

So don’t wait—join REDW Senior Manager Chris Bitakis to learn how the new GASB Statement No. 87, Leases, will impact your organization.

Agenda

  • Overview of lessor and lessee accounting
  • Impact to debt ratios and debt covenants
  • Common lessee examples for gaming operations
  • Steps to consider prior to implementation

Resource Materials

Our Speaker

Chris Bitakis, CPA, CGFM, CGMA
REDW Senior Consultant

For more than ten years, Chris has worked almost exclusively on audit teams serving tribal governments, tribal casinos, and other Native American organizations. He specializes in providing financial and compliance assurance services to tribal casinos and other tribal enterprises, as well as financial and federal program compliance audit services to tribal governments.

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