Accounting and Financial Reporting

Compensated Absences


December 3, 2024

1 p.m.-2:30 p.m. ET

  • Field of Study: Accounting (Governmental)
  • Credits: 1.5
  • Prerequisite: Basic understanding of private-sector accounting and financial reporting

GASB's new guidance on compensated absences provides a unified recognition and measurement model for all types of compensated absences. This session will examine the various types of leave organizations provide to their employees, the ways in which the obligations for compensated absences are incurred and settled by governments, and how these obligations are properly accounted for, reported, and disclosed.

Who Will Benefit: CFO/Finance Director, Controller, Accountant, Treasurer, or Auditor

Learning Objectives:
  • Those completing this webinar should be able to:
  • 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 measure a compensated absence liability
  • Prepare the appropriate journal entries and financial statement note disclosures for compensated absences

  • Member Price: $85.00
  • Non-member Price: $170.00