GASB 101 provides a unified model for various types of compensated absences, including certain types that weren’t previously considered under the old standard. In addition to considering GASB 101’s impact on the year-end accruals in the year of implementation, organizations will need to assess the new pronouncement regarding the beginning balances presented in the financial statements given the transition provisions. This may accelerate the need to begin efforts sooner rather than later in order to gather appropriate data.In this webinar, our experts will explain how this standard may affect your organization and provide practical guidance on implementation.
At the conclusion of this webinar, participants will be able to:
- Identify steps to prepare for implementation of GASB 101.
- Explain the key impacts of the implementation of this standard on your organization.
- Summarize common issues and considerations for implementation of the standards.
- Describe the top 5 considerations for GASB 101 readiness.
Want to get a jump-start before the webinar? Check out “Top 5 considerations for GASB 101 readiness.”
