Government Pension Accounting and Financial Reporting

Course Details

Date

Friday, February 8, 2019

6:30am – 10:00am
(Registration: 6:00am)

Field of Study

Accounting (Governmental)

Course Number

4183499B

CPE Credit

4.0 hours CPE credit

Level of Knowledge

Intermediate

Vendor

CalCPA Education Foundation

Prerequisites

An understanding of governmental accounting and financial reporting.

Description

Gain an understanding of GASB new pension standards for accounting and financial reporting and 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.

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

Objectives

  • Establishes 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.

Designed For

Governmental accountants and financial professionals.

Registration for this course has passed.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$120.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$188.00
Your Price $188.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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