July 26, 2022


Webinar


4 Total CPE Credits

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Government Pension Accounting and Financial Reporting

Learning Objectives

  • Establish financial reporting and accounting for state and local government pension plans.
  • Recognize and discuss class exercises for a city's Comprehensive Annual Financial Report (CAFR) and Notes to the financial statements with an emphasis on pensions.
  • Identify actuarial valuation for Total Pension Plan Liability.
  • Recognize some specific auditing issues for pensions, such as census data auditing.
  • Summarize key points from GASB statements:
  • No. 67, Financial Reporting for Pension Plans.
  • No. 68, Accounting and Financial Reporting for Pension Plans
  • No. 71, Pension Transition for Contributions Made Subsequent to the Measurement Date
  • Nos. 73, 78, 82 and 92

Major Topics

  • Accounting and financial reporting for (Aggregate) Net Pension Liabilities
  • Effect of the Measurement Date
  • Eight new pension standards by Governmental Accounting Standards Board (GASB)
  • Generally Accepted Accounting Principles (GAAP)for government
  • Defined Benefit and Defined Contribution Pension Plans
  • Impact on Deferred Outflows of Resources and Deferred Inflows of Resources
  • Update key materials for CalPERS results for 2020

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

This event has ended.