Webinar

Governmental Pensions: Prepare for a Changing Landscape

  • Thursday, December 14, 2017

    9:00am – 12:59pm
  • 4
    CREDITS
    Auditing (Governmental), Accounting (Governmental)

GASB Statement No. 68 changed the playing field for government organizations. Learn about the landmark pension accounting changes and how they change the accounting and financial reporting of pension benefits. Explore all the GASB statements that make up the governmental pension reporting framework, including GASB Statement Nos. 67, 68, 71, 73, 78 and 82. Practical examples illustrate the new accounting requirements and more extensive note disclosures along with required supplementary information.

Objectives

LEARNING OBJECTIVES When you complete this webcast you will be able to:

Recall accounting requirements for single employer, agent multiple employer, and cost-sharing multiple-employer plans.

 Identify the substantial changes to methods and assumptions used to determine actuarial information.

 Recall how net pension liability (asset), pension expense, and deferred outflows of resources and deferred inflows of resources related to pensions are calculated and derived.

 Recognize the role of management specialists, auditor specialists, and service organizations, and the related audit implications.

 Distinguish the responsibilities of plan management, the plan's auditor, employer management, and the employer's auditor in the context of audits of government employers.

Audit pension plan disclosures.

Highlights

TOPICS DISCUSSED

GASB Statement No. 68 accounting by governmental employers

An overview of GASB Statement No. 67 accounting by pension employee retirement systems (PERS)

A discussion of subsequent amendments to GASB Statement No. 68

Pension plan disclosures

Governmental employer pension disclosures

Additional Information

Designed For

Auditors & financial managers responsible for the accounting & reporting of state & local government

Vendor

American Institute of CPAs

Prerequisite

Prior experience with governmental accounting and reporting

Field of Study

Auditing (Governmental), Accounting (Governmental)

Course Number

171429737

Level of Knowledge

Intermediate

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