Government Pension Accounting and Financial Reporting 2024

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  • Date/Time
    • Jan 8, 2025
    • Sign In: 8:30am (MT)
    • Program: 9:00am - 12:30pm (MT)
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  • Location
    • Your Computer
      Your Space
      ISCPA / CalCPE Webinar, ID 00000
  • Credits
    • 4.00
  • Credit Type(s)
    • Accounting (2.00)
    • Auditing (2.00)
  • Prerequisites
    • An understanding of governmental accounting and financial reporting.

  • Vendor
    • California CPA Education Foundation
  • Level
    • Intermediate
  • Fields of Study
    • Accounting
    • Auditing

Description

This course will update your understanding of GASB's new pension standards (GASB statements Nos. 67, 68, 71, 73, 78, 82, 85 and 92) for accounting and financial reporting and compare them to prior standards. In-class exercises will review financial reporting of Total and Net Pension Liabilities and related note disclosures.

  • Presenters - Gary M. Caporicci
  • Designed For

    Designed For: Governmental accountants and financial professionals.
  • Role Level - Manager/Senior Manager; Director; Sole Practitioner
  • Objectives

    • Determine accounting and financial reporting for state and local government pension plans
    • Recognize financial reporting of pensions in a city's Annual Comprehensive Financial Report (ACFR) and Notes to the Financial Statements
    • Identify actuarial valuation for Total Pension Plan Liability and the resulting Net Pension Liability

    Highlights

    • Accounting and financial reporting for Net Pension Liabilities
    • Effect of the Measurement Date
    • New pension standards by Governmental Accounting Standards Board (GASB)
    • Generally Accepted Accounting Principles (GAAP) for government
    • Defined Benefit and Defined Contribution Pension Plans
    • Review and compare data and statistics for CalPERS in 2020 and 2021

    Advanced Prep

    None

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    Leaders

    CALCPE Panel

    No Biography Available

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