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E-Book: Implementing GASB Statement 101

Sikich

Mar 19 2025

1 min read

GASB Statement 101 outlines the recognition of compensated absences, including how leave that accumulates and is more likely than not to be used, paid in cash, or settled through certain conversions into other benefits must be recognized as a liability. The provisions are effective for fiscal years starting after December 15, 2023, with early adoption permitted, and should be applied retroactively.

The following e-book takes local government leaders through a summary of the standard’s provisions and an example of implementation.

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About the Author

Sikich

Sikich is a global company specializing in technology-enabled professional services. With more than 1,900 employees, Sikich draws on a diverse portfolio of technology solutions to deliver transformative digital strategies and is comprised of one of the largest CPA firms in the United States. From corporations and not-for-profits to state and local governments and federal agencies, Sikich clients utilize a broad spectrum of services* and products to help them improve performance and achieve long-term, strategic goals. *Securities offered through Sikich Corporate Finance LLC, member FINRA/SIPC. Investment advisory services offered through Sikich Financial, an SEC Registered Investment Advisor. 