Reflections in the Pool: Looking Back at Recent GASB Changes
Reflections in the Pool: Looking Back at Recent GASB Changes
Conference RegistrationSession Details
Date: Tuesday, July 1
Time: 10:20 am - Noon ET
2 CPE credits
Level: intermediate
Field of Study: Accounting (Governmental)
Location: Room 146
A year after implementing GASB 100, governments were tasked with implementing GASB 101. While GASB 100 focused on the display and presentation of accounting changes and error corrections in the financial statements, GASB 101 changed the recognition and measurement of compensated absences liabilities. Join speakers as they reflect on their experiences preparing for and implementing these new standards.
The session will also highlight trends from GFOA’s Certificate of Achievement (COA) program to help ensure governments are correctly meeting the accounting and reporting requirements.
Learning Objectives
Identify the requirements of GASB 100 and GASB 101.
Apply the measurement requirements to calculate the compensated absences liability.
Discuss trends in the implementations from the COA program reviews.