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Navigating GASB 101: Compensated Absences Simplified
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In this episode of School Business Insider, we delve into GASB Statement 101, a game-changing update for accounting in public school districts. Joining us are Melissa Szot and Jeff Shaver, Partners at PKF O’Connor Davies, who bring their expertise to unpack this new standard on compensated absences.
Melissa and Jeff provide a clear overview of GASB 101, explaining key differences from GASB 16, its implications for financial statements, and practical steps for implementation. From calculating liabilities to understanding “more likely than not” scenarios, this episode equips school business officials with the tools and insights needed to navigate these changes effectively. Whether you’re an auditor, CFO, or district leader, this conversation is your guide to ensuring compliance and accuracy under GASB 101.
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Disclaimer:
The views, thoughts, and opinions expressed are the speaker’s own and do not represent the views, thoughts, and opinions of the Association of School Business Officials International. The material and information presented here is for general information purposes only. The "ASBO International" name and all forms and abbreviations are the property of its owner and its use does not imply endorsement of or opposition to any specific organization, product, or service. The presence of any advertising does not endorse, or imply endorsement of, any products or services by ASBO International.
ASBO International is a 501(c)3 nonprofit, nonpartisan organization and does not participate or intervene in any political campaign on behalf of, or in opposition to, any candidate for elective public office. The sharing of news or information concerning public policy issues or political campaigns and candidates are not, and should not be construed as, endorsements by ASBO Internatio...
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