March 17, 2022 8:00am – 11:30am Map & Directions 602-252-4144

Webcast: Government Pension Accounting and Financial Reporting

Online registrations are currently closed, please call (602) 324-6847 for additional registration options

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 Total and Net Pension Liabilities and related note disclosures. The new pension standards are GASB statements Nos. 67, 68, 71, 73, 78, 82 ,85, and 92

Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time

7:30am

Fees

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

Objectives

  • Establish financial reporting and accounting for state and local government pension plans.
  • Recognize and discuss class exercises for a city's Comprehensive Annual Financial Report (CAFR) and Notes to the financial statements with an 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
  • Nos. 73, 78, 82 and 92

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 Liabilities
  • Effect of the Measurement Date
  • Eight 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
  • Update key materials for CalPERS results for 2020

Notes

Manager/Senior Manager; Director; Sole Practitioner

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