August 25, 2017


In-Person

City of Pelham Pelham Civic Complex


8 Total CPE Credits

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Accounting & Auditing for Governmental Employee Benefits

  • Instructor

    Melisa Galasso

Learning Objectives

Identify the new employer accounting requirements for public sector other post-employment benefit plans. Analyze the employer accounting requirements for public sector defined benefit and defined contribution plans. Interpret the substantial changes to actuarial methods and assumptions used to determine the accounting numbers. Calculate net pension liability (asset), net OPEB liability (asset), pension expense, OPEB expenses, and deferred inflows and outflows of resources related to pensions and OPEB and identify how they are displayed in the financial statements. Distinguish the various roles of the key players in the context of employer management, plan administrators and external parties. Apply the best practice solutions in single employer, agent multiple employer and cost-sharing multiple-employer plan audit engagements. Prepare and audit the required employer pension and OPEB note disclosures and RSI. Identify various practice issues encountered while preparing or auditing the pension and OPEB numbers and identify possible solutions.

Major Topics

Accounting and reporting by governmental employers in accordance with GASB Statement Nos. 68 and 74 Best practices for auditing single and multiple employer plans Possible practice issues and practical solutions Pension and OPEB note disclosures and RSI

CPE Credits Available

8
Total CPE
8
Accounting & Auditing

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Governmental

Prerequisites

Prior experience with governmental accounting and reporting

Advanced Preparation

None

Intended Audience

Auditors and financial managers responsible for the accounting and reporting of state and local governments

Provider

AICPA (Boone)

This event has ended.