GASB 101: Key Updates & Implementation Strategies for Governments

Exclusive Webinar on GASB 101 Compliance & Best Practices

The implementation of GASB Statement 101 brings important changes to how government entities account for and report compensated absences. Understanding these updates is critical for ensuring compliance and maintaining accurate financial reporting.

Herbein’s government team leaders will break down the complexities of GASB 101, providing clear guidance, practical examples, and actionable steps to help your organization navigate these changes with confidence.

Learning Objectives:

• Identify the key changes introduced by GASB Statement 101 and their impact on financial reporting for government entities.
• Differentiate between the previous GASB standards and the new GASB 101 provisions by analyzing side-by-side comparisons.
• Adopt best practices for transitioning to GASB 101 by following recommended compliance strategies.
• Evaluate different approaches to estimating compensated absences and determine the most accurate reporting method.
• Demonstrate compliance with GASB 101 by completing a sample financial report incorporating the updated standards.
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Who Should Attend:

• Business Managers & Administrators
• Business Office & Finance Leaders
• Accounting Teams
• Anyone responsible for implementing GASB standards