SGF Professional Development Webinar: Why worry about GASB 101?

This webinar will focus on the new GASB guidance and how it applies to small governments.

GASB’s recent guidance on compensated absences is being implemented by governments with fiscal year-ends December 31, 2024 and later. This recognition and measurement guidance requires governments to estimate a liability for leave that has been earned but not used, including sick leave. The process for determining a “more likely than not” and estimating this liability has stirred a lot of discussion amongst governments.

This webinar is free for GFOA Small Government Forum members.

Who Will Benefit: Small Government professionals managing compensated absences and related accounting/reporting

• Identify when an organization should recognize a liability for compensated absences
• Identify what information is necessary to measure a compensated absence liability and how to obtain or estimate, if necessary, that information
• Correctly estimate a compensated absence liability