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Tag Archives: employee leave
Understanding the Latest GASB Audit Updates: What You Need to Know About Statement 101
Why the Change? The goal of GASB 101 is to standardize and clarify the accounting treatment of compensated absences, ensuring consistent recognition of leave-related liabilities across governmental entities. These changes are meant to enhance transparency and comparability in financial reporting. … read more
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Tagged accounting, Brittney Williams, compensated absences, employee leave, financial statements, GASB, GASB 101, government
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GASB 101 – Compensated Absences
I’m sure if you have been to one of HeinfeldMeech’s recent trainings you may have heard that the Governmental Accounting Standards Board (GASB) just crossed 100 issued Statements. While GASB Statement 101 won’t have quite the same financial impact that … read more
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Tagged compensated absences, employee leave, financial statements, GASB, government, Michael Lauzon, school district, unvested leave, vested leave
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