July 19, 2022


4 Total CPE Credits


Government OPEB Accounting and Financial Reporting

Learning 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.

Major Topics

  • 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
  • No. 92, Omnibus 2020
  • 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

CPE Credits Available

Total CPE
Accounting & Auditing

Things to Know About This Course


An understanding of governmental accounting and financial reporting.

Advanced Preparation


Intended Audience

Governmental accountants and financial professionals.


California Society of CPAs

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