Government OPEB Accounting and Financial Reporting

Course Details

Date

Thursday, April 25, 2019

5:30am – 9:00am
(Registration: 5:00am)

Field of Study

Accounting (Governmental)

Course Number

4183500C

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

Get an update on GASB New OPEB Standards regarding accounting and financial reporting. Understand the OPEB Standards and 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 85.

Highlights

  • 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
  • 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

Objectives

  • 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.

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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