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Countdown to Compliance: How Public Universities Can Effectively Prepare for GASB 87

On-Demand | Originally Broadcast on May 15, 2019

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In June of 2017 the Governmental Accounting Standards Board (GASB) released a new lease accounting standard (Statement 87) that will be effective FY21 for most public colleges and universities.

It is critical for public institutions to plan now for contracts that are considered leases, as defined by the new standard, to be reflected on the statement of net position. This webcast will explain GASB 87 and explore the resulting effects for which universities must be prepared.

Leading the charge for GASB compliance at Michigan State University is Shea Bryant, MSU’s Financial Analysis and Reporting Manager. During this webcast, Shea will share how he and his team have approached this challenge. He will be joined by lease accounting expert Charlene McNeil, of Arazzo Solutions, as well as David Stillebroer, GASB Product Director at Planon, a leading, global provider CRE & FM software solutions.

Together, this panel of experts will dig into what GASB 87 changes mean for universities, including:

  • Impact to the statement of net position
  • Business process changes and change management
  • The need for consistent communication between departments that may be siloed, such as Finance and Real Estate Management
  • How to create a standardized approach to identify all contracts that contain a lease
  • Why there is an increased risk for organizations relying on manual processes

Accounting GASB Webcast

What You Will Learn

NACUBO’s professional development programs are designed to deliver the skills, concepts, and best practices for success to individuals in the business of higher education. After participating in this program, you will be able to:

  • Employ actionable advice on how to start – or continue – preparing your organization to become GASB 87 compliant.
  • Explain how those key changes will drastically impact public universities when it goes live.
  • Demonstrate an understanding of the most critical aspects of the new GASB 87 regulation for public universities.

Who Should Attend

  • Finance, Real Estate, Facility Management for Public Universities

Meet The Presenters

  • Shea Bryant, , Michigan State University
  • Charlene McNeil, , Arazzo Solutions, LLC
  • Sue Menditto, senior director, accounting policy, NACUBO
  • David Stillebroer, , Planon

CPE Information

There are no CPEs offered for this event.

On Demand programs are not currently eligible for CPEs.

NACUBO is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website


Registration assistance: 800.462.4916 or

Cancellation Policies

Member Standard Ends June 6, 2066


Non-Member Standard Ends June 6, 2066



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