GASB Statement No. 16, Accounting for Compensated Absences

• IRM 16-1 Determining the Appropriate Categories of Compensated Absences to be Included in the Compensated Absences Liability at Year-End (Issued: May 24, 2006)
• IRM 16-2 Determining the Appropriate Accrual Rate for Additional "Salary-Related" Payments Associated with the Payment of Compensated Absences (Updated: March 24, 2009)
  • Changes from the May 21, 2007 version are highlighted in yellow. The Rate Analysis section was completely replaced.