When GASB 87 (Leases) and GASB 96 (Subscription-Based Information Technology Arrangements) first went into effect, many organizations underestimated just how much work these standards would require. What seemed like a straightforward change quickly revealed itself to be one of the more complex accounting challenges in recent years. Finance teams often found themselves scrambling at year-end,... The post Lessons Learned from GASB 87 & 96: How to Simplify Your Year-End Close appeared first on L...
