March 24, 2021 12:30pm – 4:00pm Map & Directions 602-252-4144

Webcast: Government Pension Accounting and Financial Reporting | 4203499D

Description




Update your understanding of GASB new pension standards for accounting and financial reporting. Compare to prior standards for historical context.
Use actual class exercises to review financial reporting of net pension liability and related note disclosures. The new pension standards are GASB statements Nos. 67, 68, 71, 73, 78, 82 and 85.

Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time

12:00pm

Fees

Member:
$160
Non-CPA Staff:
$210
Non-CPA Staff (100% club):
$160
Non-CPA Staff (sole proprietor):
$160
Non-Member:
$210
Webinar
Accounting & Auditing
4

Objectives





Establish financial reporting and accounting for state and local governmental pension plans.
Recognize and discuss class exercises for a city's Comprehensive Annual Financial Report (CAFR) and Notes to the financial statements with emphasis on pensions.
Identify actuarial valuation for total Pension Plan Liability.
Recognize some specific auditing issues for pensions, such as census data auditing.
Summarize key points from GASB statements: . No. 67, Financial Reporting for Pension Plans . No. 68, Accounting and Financial Reporting for Pension Plans . No. 71, Pension Transition for Contributions Made Subsequent to the Measurement Date . and others, Nos. 73, 78, 82 and 85.

Course Level

Intermediate

Vendor

CalCPA Education Foundation More With This Vendor

Designed For




Governmental accountants and financial professionals.

Prerequisites




An understanding of governmental accounting and financial reporting.

Highlights





Accounting and financial reporting for (Aggregate) Net Pension Liability
Effect of the Measurement Date
Seven new pension standards by Governmental Accounting Standards Board (GASB)
Generally Accepted Accounting Principles (GAAP)for government
Defined Benefit and Defined Contribution Pension Plans
Impact on Deferred Outflows of Resources and Deferred Inflows of Resources

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