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22WC-1117: Government Pension Accounting and Financial Reporting (Webinar)

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

Date Tuesday, January 31, 2023
Time 10:00am - 1:30pm
Central Time
Location Online
CPE credits CPE 4.0
Field(s)
of study
Auditing (Governmental) - Technical (4.0)
Fees
Standard Member Fee $149.00
Standard Nonmember Fee $199.00

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.

Who should take this program?

Governmental accountants and financial professionals.

Major subjects

  • 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

Learning objective(s)

  • 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

Notes:

Course code Code 22WC-1117
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.

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