This webinar, co-hosted by Sierra Digital and SAP, will assist government accounting officials with GASB 87 compliance by (1) reviewing requirements; (2) exploring software and services which dramatically reduce compliance time and expense; and (3) showcasing a real-time Case History with City of Houston officials who are now in the midst of a GASB 87 compliance initiative.
The Governmental Accounting Standards Board (GASB) establishes accounting and financial reporting standards for U.S. state and local governments that follow Generally Accepted Accounting Principles (GAAP).
By or before June 15, 2021, U.S. state and local governments are required to comply with GASB Statement No. 87, Leases (GASB 87).
GASB 87 changes the reporting requirements of lease liabilities which were not previously reported on the Balance Sheet. For example: (1) all operating leases will now be classified as Finance Leases; (2) lessors are required to record lease receivables and deferred inflow of resources; and (3) new disclosures are required which were previously not required.
Sierra Digital, a digital transformation company based in Houston, Texas, Sierra has successfully implemented more than 50 Contract and Lease Management projects in SAP and non-SAP environments globally.
GASB 87: What You Need to Know Now
Case History: The City of Houston
Participant Q & A
Chief Technology Officer
A Digital Transformation leader with more than 29 years of IT experience, and 10+ years of practical experience implementing digital strategies for Fortune 100 companies. Prior to joining Sierra Digital, Venkata held leadership roles with Cognizant Technology Solutions, Bearing Point (KPMG), IBM Global Technology, SAP America, and Anderson Consulting (Accenture).
Successful track record envisioning, creating and executing strategies, incubating new practices and service offerings, fixing broken practices, and leading them into healthy growth stories. Managed P&L and was responsible for sales, solutioning, to closing deals to ensure successful service delivery. Hands-on leader with a very strong grasp of Enterprise Architecture, Business Outcomes, Emerging Technologies, and Program Management.
Assistant Director, ERP-SAP, City of Houston
Responsible for development of the strategic, innovation driven, roadmap for the City of Houston's ERP (SAP+) ecosystem by leveraging proven business processes paired with lasting transformative technologies. Ensuring responsible stewardship through active collaboration with business partners. Leading results by imagining the future state of technology in business, understanding and determining real value, and effectively driving successful implementations between business and IT.