Paying Not to Perform: Compensated Absence Accounting Under GASB’s New Guidance
GASB's statement on Compensated Absences reexamines and updates the accounting and financial reporting for compensated absences. This session will delve into the use of paid time off (PTO) by some governments rather than the more traditional approach of separate sick and vacation leave, and explain how PTO and other forms of compensated absences will be accounted for and reported based on the new standard.
Finance and Accounting Manager, City of Red Wing, MN
Accounting Manager, North Texas Municipal Water District
Partner-in-Charge, Government Services, Sikich LLP