HEAF24: Compensated Absences: What Institutions Need to Know
Recorded On: 04/29/2024
This session will provide an overview of the accounting rules established by GASB Statement 101 along with examples of how required calculations are expected to function. A deep dive into early implementation efforts at Michigan State University will review compensated absence programs and a detailed description of the changes that will be necessary under the new standard. Participants will hear a proposed approach for estimating future use of compensated absences, come away with an implementation action plan, and an understanding of organizational effort and financial reporting impacts.
CPE Available: 1 Credit in Accounting Governmental
Each individual must register and attend separately to earn credit.
NACUBO is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.nasbaregistry.org
Event Information
- Level: Intermediate
- Prerequisites: Minimum 1-2 years of experience as a professional in higher education or a related private industry.
- Advanced Preparation: None
- Delivery Mode: Group internet based
- Field of Study: Accounting Governmental
- Length: 60 minutes
Steps to Earn CPE Credit
You can only earn credit for attending the session live. CPE credit cannot be earned for watching the recordings.
To earn CPE credit, you will complete the following tasks under the Content tab, after the session has ended:
- Pass the CPE codeword quiz. Write down the codewords posted in the Zoom chat at random times throughout the session and complete the quiz at the end of the session.
- Submit the CPE check-out code displayed at the end of the session.
- Download your CPE certificate.
You have until 5 pm Eastern Time on Wednesday, May 1 to complete these three steps or report technology issues with this site to online@nacubo.org.
For more detailed instructions, review the CPE Instructions page.
Shea Bryant
Manager of Financial Reporting
Michigan State University
Shea Bryant has been the manager of financial reporting at Michigan State University for six years after over seven years at Plante Moran where he focused on higher education institutions. Bryant’s department is in charge of preparing the year-end financial statements and implementing new GASB standards as they are issued. Bryant is a member of the NACUBO accounting principles council.
Brian Greko
Partner
Plante Moran
Brian Greko is a partner from Plante Moran, serving Michigan State University. Greko has more than 17 years of experience working primarily with clients in the public and private higher education industry. Greko assists clients with accounting, financial reporting, and other business-related matters, and is a member of the higher education professional standards team.
Jeff Pohler
Manager
Plante Moran
Jeff Pohler is an assurance manager from Plante Moran and has more than 9 years of experience, with a primary focus on serving higher education clients and a secondary focus on non-profits. Pohler is a member of the firm's higher education professional standards team and also an industry technical specialist for the higher education practice.
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