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22WC-1101: Government OPEB Accounting and Financial Reporting (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Date Tuesday, January 24, 2023
Time 10:00am - 1:30pm
Central Time
Location Online
CPE credits CPE 4.0
Field(s)
of study
Accounting (Governmental) - Technical (4.0)
Fees
Standard Member Fee $149.00
Standard Nonmember Fee $199.00

Description

Get an update on GASB New OPEB Standards regarding accounting and financial reporting. Understand the OPEB Standards. Compare with prior standards for historical context. Work through exercises to review a city's CAFR and actuarial valuation and another class exercise to review the financial reporting of Net OPEB Liability and related note disclosures. The New OPEB Standards are GASB Statements Nos. 74, 75 and 92.

Who should take this program?

Governmental accountants and financial professionals.

Major subjects

  • Accounting and Financial Reporting for Net OPEB Liability
  • GASB Statements:
  • No. 74, Financial Reporting for Post-employment Benefit Plans Other Than Pension Plans
  • No. 75, Accounting and Financial Reporting for Post-employment Benefits Other Than Pensions
  • No. 85, Omnibus 2017
  • No. 92, Omnibus 2020
  • Effect of the Measurement Date
  • Impact on Deferred Outflows of Resources and Deferred Inflows of Resources
  • Defined Benefit and Defined Contribution OPEB Plans
  • Actuarial Valuation of Total OPEB Liability
  • Generally Accepted Accounting Principles for government

Learning objective(s)

  • Establishes financial reporting and accounting for state and local governmental OPEB Plans.
  • Review a City's Comprehensive Annual Financial Report (CAFR) as it relates to the Net OPEB Liability.
  • Recognize and review an actuarial valuation for the Total OPEB Liability.
  • Understand the consistencies and inconsistencies of the OPEB Standards as compared to the Pension Standards.
  • Determine what is the Measurement Date.
  • Discuss the use of the Alternative Measurement Method for the Total OPEB Liability.

Notes:

Course code Code 22WC-1101
Sponsor CalCPA Education Foundation
NASBA ID#: 104822
Level Intermediate
Format Group Internet Based
Prerequisites Prereq. An understanding of governmental accounting and financial reporting.
Advance
prep
None

If you have questions about this event, please call us at 952-831-2707.