The following e-book for GASB 101 takes local government leaders through a summary of the standard’s provisions and an example of implementation.
GASB Statement 101 outlines the recognition of compensated absences, including how leave that accumulates and is more likely than not to be used, paid in cash, or settled through certain conversions into other benefits must be recognized as a liability. The provisions are effective for fiscal years starting after December 15, 2023, with early adoption permitted, and should be applied retroactively.
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Watch our recent Yellowbook webinar session that covers GASB 101 and 102 on demand here.
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