Training Type:
Live Training
Date and Time:
Dec 9 2019 - 8:30am to 4:30pm CST
Region:
Central
Location:
Austin, TX (Sheraton Austin Hotel at the Capitol)
701 E 11th St
Austin, TX
78701
United States
See map: Google Maps
Phone:
Level:
Advanced
Field of Study:
Accounting – Governmental
CPE Credits:
8
Member Price:
$405.00
Non-Member Price:
$605.00
Prerequisite:
Experience working in a local government.
Who Will Benefit:
Anyone involved with preparing or auditing: 1) financial statements for state or local governments that offer pension or other postemployment benefits (OPEB) to employees, or 2) financial statements of pension or OPEB plans.
Program Description:
The seminar is designed to equip participants with a solid working knowledge of accounting and financial reporting for both pensions and OPEB. It also offers practical guidance on how to prepare a comprehensive annual financial report (CAFR) for a public employee retirement system (PERS).
Seminar Objectives:
Those who successfully complete the seminar should be able to:
- Distinguish pension benefits from OPEB;
- Distinguish postemployment benefits from termination benefits;
- Identify each of the different types of pension and OPEB arrangements;
- Understand the appropriate accounting and financial reporting for employers in each type of arrangement;
- Describe the basic elements of an actuarial valuation;
- Identify the five major sections of a PERS CAFR and the contents of each; and
- Determine the appropriate measure of cost for termination benefits.
PARTICIPANTS ARE ENCOURAGED TO BRING WITH THEM A COPY OF THEIR GOVERNMENT’S OR PENSION PLAN’S CAFR.
Registration Form:
Hotel Form: