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FASB Statement 43, Accounting for Compensated Absences—historical text

Historical FASB source explaining why some earned vacation benefits accrue while many future sick pay and holiday benefits follow different timing.

Authority and currency

About this authority

Publisher
Financial Accounting Foundation
Standing
Primary authority
Version
Statement 43 historical text
Relevant parts
Official historical text and summary; current Topic 710 controls
Currency
superseded · checked Aug 8, 2026

Open the primary source

Statement 43 supplies historical reasoning for distinguishing earned vacation rights from other paid absences. The module uses it as orientation and keeps the current Topic 710 record as the operative authority.