Government OPEB Accounting and Financial Reporting Webcast | 4203500A
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 85.
Accounting and Financial Reporting for Net OPEB Liability
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
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.
Governmental accountants and financial professionals.
Applicable if you are a HSCPA member in good standing.
Applicable if you are not a HSCPA member.