GASB-100, 101 and 102 - Have We Got it Yet?
Author: Eric S. Berman
| CPE Credit: |
2 hours for CPAs |
Three important pronouncements are going to be implemented by states and local governments prior to 2025: GASB Statement Nos. 100 through 102. Hear what are the important issues of all three statements and the impact that may occur for your basic financial statements and note disclosure.
Publication Date: February 2025
Designed For
Basic knowledge of governmental accounting and financial reporting for states and local governments.
Topics Covered
- Accounting Changes and Error Corrections — GASB-100
- Compensated Absences — GASB-101
- Certain Risk Disclosures — GASB-102
Learning Objectives
- Describe three important GASB pronouncements being implemented this year and next: Accounting Changes and Error Corrections, Compensated Absences and Risks and Uncertainties Disclosures
- Identify the differences between accounting changes and error corrections
- Identify the changes that will be made to compensated absences accruals
- Recognize what risk is, and what may be disclosed by your government
- Identify the type of leave that is a significant exception to the guidance on compensated absences
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Accounting (Governmental) (2 hours)
Program Prerequisites
Basic knowledge of governmental accounting and financial reporting for states and local governments.
Advance Preparation
None
