Supported and unsupported features for GASB

Core TSIs : Lease Accounting : Working with GASB lease accounting : Supported and unsupported features for GASB

The following features are supported for GASB:

• Restoration costs (ARO)

• Guaranteed residual value

• Multi-currency

• Multi-GAAP: GASB can be the first accounting standard with another standard being the second or third accounting standard. However, GASB cannot be the second or third accounting standard.

• Unguaranteed residual (a value can be registered without affecting the calculations)

• Executory costs

The following features are not supported for GASB:

• Headlease / Sublease

• Weekly Lease Accounting (WLA)