Implementing GASB 101’s Guidance on Compensated Absences: What School Districts Need to Know
Last updated on April 22nd, 2025As government entities, school districts are required to implement GASB 101’s updated guidelines for the treatment of compensated absences for employees of state and local governments. What is GASB 101? The Governmental Accounting Standards Board (GASB) Statement No. 101 (GASB 101) updates the guidelines for