GASB Statement No. 87, Leases

Abstract

VALIDATE REVIEW 31 • Abstract data from lease documents and prepare templates to be imported into the technology solution • Apply all judgments made in the preparation phase to the data being abstracted • Ensure all documents are reviewed and abstracted into the system by checking the most current lease documents against the expenses being recorded in the GL • Validate the completeness of information entered into the system • Validate the accuracy of data entered into the system • Validate the GASB 87 calculations tie back to the current GL • Perform reviews to ensure accuracy of the information inputted • Review of information inputted into the abstraction templates or lease technology solution • Review the accounting calculations under GASB 87 • Provide population to you for review prior to finalizing the abstracts