Navigating GASB 101: Compensated Absences Simplified
In this episode of School Business Insider, we delve into GASB Statement 101, a game-changing update for accounting in public school districts. Joining us are Melissa Szot and Jeff Shaver, Partners at PKF O’Connor Davies, who bring their expertise to unpack this new standard on compensated absences.
Melissa and Jeff provide a clear overview of GASB 101, explaining key differences from GASB 16, its implications for financial statements, and practical steps for implementation. From calculating liabilities to understanding “more likely than not” scenarios, this episode equips school business officials with the tools and insights needed to navigate these changes effectively. Whether you’re an auditor, CFO, or district leader, this conversation is your guide to ensuring compliance and accuracy under GASB 101.
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