Statement No. 87
Leases

Status

Issued: June 2017

Effective date:

• For fiscal years beginning after June 15, 2021, and all reporting periods thereafter

Affects:

• Amends NCGAS 1, ¶42 and ¶43
• Supersedes NCGAS 5
• Amends NCGAI 6, ¶4 and ¶5
• Amends GASBS 9, ¶37
• Supersedes GASBS 13
• Amends GASBS 14, ¶58 and ¶76
• Amends GASBS 34, ¶81, ¶116, and ¶117
• Supersedes GASBS 38, ¶11
• Amends GASBS 42, ¶11 and ¶12
• Amends GASBS 44, ¶23 and ¶45
• Amends GASBS 51, ¶3
• Amends GASBS 53, ¶74
• Amends GASBS 58, ¶8
• Supersedes GASBS 60, ¶7
• Supersedes GASBS 62, ¶211–¶271, fn85–fn141, and fn179
• Amends GASBS 62, ¶3, ¶6, ¶113, ¶135, ¶320, ¶351, ¶368, ¶369, ¶450, and fn12
• Supersedes GASBS 65, ¶7 and ¶16–¶18, fn6, and fn7
• Amends GASBS 65, ¶5
• Amends GASBS 66, ¶2
• Supersedes GASBS 66, ¶4
• Amends GASBI 6, ¶5, ¶7, ¶9, ¶11, and ¶13
• Supersedes GASBIG 2015-1, QZ.38.1
• Amends GASBIG 2015-1, Q2.27.5, Q2.32.1, Q5.72.1, Q7.9.6, Q7.30.2, Q9.24.1, QZ.42.9, QZ.51.21, and QZ.54.11
• Amends GASBIG 2016-1, Q5.2 and Q5.35
• Amends GASBIG 2017-2, Q4.51
• Amends AICPA HCE 2011, ¶5.71

Affected by:

• Paragraph 8 amended by GASBS 91, ¶19 and ¶20; GASBS 94, ¶9; and GASBS 96, ¶3 and ¶4
• Paragraph 16 amended by GASBS 99, ¶12
• Paragraph 22 amended by GASBS 99, ¶13
• Paragraphs 26 and 28 amended by GASBS 99, ¶14
• Paragraph 45 amended by GASBS 99, ¶15
• Paragraph 50 amended by GASBS 99, ¶16
• Paragraph 61 amended by GASBS 99, ¶17
• Paragraph 92 amended by GASBS 92, ¶4 and GASBS 95, ¶4

Other Interpretive Literature:

• GASBIG 2019-3
• GASBIG 2020-1
• GASBIG 2021-1

Primary Codification Section Reference: L20

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