July 19, 2022


Webinar


4 Total CPE Credits

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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

4
Total CPE
4
Accounting & Auditing

Things to Know About This Course

Prerequisites

An understanding of governmental accounting and financial reporting.

Advanced Preparation

None

Intended Audience

Governmental accountants and financial professionals.

Provider

California Society of CPAs

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