Government Pension Accounting and Financial Reporting 2024
Overview
This course will update your understanding of GASB’s new pension standards (GASB statements Nos. 67, 68, 71, 73, 78, 82, 85 and 92) for accounting and financial reporting and compare them to prior standards. In-class exercises will review financial reporting of Total and Net Pension Liabilities and related note disclosures.
Highlights
- Accounting and financial reporting for Net Pension Liabilities
- Effect of the Measurement Date
- New pension standards by Governmental Accounting Standards Board (GASB)
- Generally Accepted Accounting Principles (GAAP) for government
- Defined Benefit and Defined Contribution Pension Plans
- Review and compare data and statistics for CalPERS in 2020 and 2021
Prerequisites
An understanding of governmental accounting and financial reporting.
Designed For
Governmental accountants and financial professionals.
Objectives
- Determine accounting and financial reporting for state and local government pension plans
- Recognize financial reporting of pensions in a city's Annual Comprehensive Financial Report (ACFR) and Notes to the Financial Statements
- Identify actuarial valuation for Total Pension Plan Liability and the resulting Net Pension Liability
Preparation
None
Notice
This course is offered by a 3rd party vendor. Login instructions will not be accessible in the My CPE Tracker section of the ISCPA website. Login instructions will be emailed directly to you by California Education Foundation (CalCPA).
Leader(s):
- Gary Caporicci
Non-Member Price $209.00
Member Price $159.00