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An In-Depth Look at the Implementation Process for GASB 87


Cost Free
Presentation Length 1.5 hours

Recorded DateApril 30, 2021
CPE:Not available
(archived webinars do not offer CPE credits)
Course LevelBasic
Course Description

The first part of this course will start with a conversation around SEC Public Company Letters, focusing on the trends, processes, and understanding what action to take and avoid.

This course will then focus on challenges clients face in adopting GASB 87 and their approaches to addressing these challenges. During this session, our presenter will provide a high-level overview of implementation activities, including assessing controls and policies, process transformation to address identified gaps, and the collection and centralization of all lease contract data. We will also highlight the external audit expectations for documentation and the selection and development of a permanent and sustainable lease accounting system. 

Learning Objectives:

  • Identify the challenges clients faced during the adoption of GASB 87 

  • Review the complete cycle of implementation activities from preliminary analysis of existing policies and controls by establishing best practices after a transition

  • Explore how updating your current lease accounting accounting solution will promote a successful audit and an efficient steady state for lease accounting after adoption  

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George Azih

LeaseQuery, LLC
Founder and CEO
(800) 880-7270


George Azih Is LeaseQuery’s Founder and CEO. Before founding LeaseQuery, George worked in Technical Accounting and Accounting Research for a Fortune 500 company, specializing in lease accounting, debt modifications, and hedge accounting. Prior to that, he worked in a CPA firm specializing in audits of financial institutions (banks and insurance companies). He holds a Bachelor's degree in accounting from the University of Georgia and is a member of the American Institute of CPAs and the Georgia Society of CPAs.

George is considered a leading expert on lease accounting and has been chosen to speak about this topic to numerous groups at different events, including Bloomberg Magazine, Crowe Horwath, the Georgia Society of CPAs, Institute of Managerial Accountants (IMA), Financial Executives International (FEI), Technology Association of Georgia (TAG), Corenet Global Summit, and the National Conference for the Accounting and Finance Women’s Association (AFWA).


Sarah O'Sullivan is a Director of Product at LeaseQuery. Sarah started her career in the audit practice at Deloitte and served in technical accounting and financial reporting roles for Fortune 500 companies in the manufacturing industry. Sarah managed the external reporting process in these roles and led implementation projects for new US GAAP compliance, including ASC 842. Sarah graduated from the University of Georgia with both a Bachelor's and Master's degree in Accounting and is a licensed CPA in Georgia.

About Our Sponsor


LeaseQuery helps more than 10,000 accountants and other finance professionals eliminate lease accounting errors through its CPA-approved lease accounting software. It is the first lease accounting software built by accountants for accountants. By providing specialized consulting services in addition to its software solution, LeaseQuery facilitates compliance with the most comprehensive regulatory reform in 40 years for companies across all sectors. For more information about LeaseQuery, visit