Example: Compensated Absences Expenditures | Governmental Accounting | CPA Exam FAR скачать в хорошем качестве

Example: Compensated Absences Expenditures | Governmental Accounting | CPA Exam FAR

Are you a CPA candidate or accounting student? Check my website for additional resources such PPT slides, notes, practice multiple choices, exercises and T/F questions. 🚀https://farhatlectures.com/ Connect with me on LinkedIn: ✔  / professorfarhat   💥Facebook: @accountinglectures Instagram Account: @farhatlectures Twitter: @farhatlectures Email: Mansour.farhat@gmail.com #cpaexam #governmentalaccounting #accountingstudent www.farhatlectures.com Like us on Facebook:   / accountinglectures   Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In:   / mansour-farhat-cpa-cia-cfe-macc-2453423a   Governments compensate employees for time not worked for a variety of reasons: vacations, holidays, sick leave, sabbatical leave, jury duty, or military reserve. In concept, the accounting issues are similar to those of wages and salaries earned in one period but paid in another. But there are differences as well. Most significantly, compensated absences are earned in one period, but they are often not paid until several periods later. Hence, the liability cannot be considered current. In addition, the amount of compensation to be paid is not always certain. First, some employees may leave the organization before they take all the time off to which they are entitled. Second, the amount of compensation is almost always based on the employee’s wage or salary rate in effect when the time off is taken, not when it is earned. Expenses, expenditures, expenses versus expenditures Compensated time off, governmental accounting, sick leave, sabbatical leave