Back to Basics | GASB 101: Compensated Absences

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Are you ready for GASB 101? This new standard on compensated absences is more than just a technical update—it’s a shift in how agencies will recognize and report leave liabilities. If you’re involved in year-end prep or financial reporting, understanding this change is essential.

Join LSL’s James Butera, CPA for a practical breakdown of GASB 101—what’s changing, why it matters, and how to get your agency ready.

He’ll cover:

What GASB 101 means for vacation, sick leave, and other compensated absences
Key recognition and measurement updates you need to implement
Real-world examples of how this standard applies to your accrual process
Timeline, transition tips, and tools to support your implementation