Accounting for Pensions and Other Postemployment Benefits
Course Overview
Title | Accounting for Pensions and Other Postemployment Benefits |
|---|---|
Level | Advanced |
Prerequisite | Experience preparing or auditing financial statements for state or local governments that offer pension or other postemployment benefits (OPEB) to employees, or financial statements of pension or OPEB plans. |
Field of Study | Accounting — Governmental |
Topics | Accounting and Financial Reporting |
Format | Offered Both as Group-Live Class and E-Learning Opportunity |
CPE | 8 |
This 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 for a public employee retirement system (PERS).
Learning 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 comprehensive annual financial report and the contents of each
- Determine the appropriate measure of cost for termination benefits
Who Will Benefit
CFO/Finance Director | Controller | Accountant | Auditor |
Schedule and Sample Agenda
Format | Agenda | CPE | Day 1 | Day 2 | Day 3 | Day 4 | Day 5 |
|---|---|---|---|---|---|---|---|
Group Live | 8 CPE | 8 Hours | |||||
E-Learning | 8 CPE | 4 Hours | 4 Hours |
Register
Scheduled Offerings | Format / Location |
|---|---|
E-Learning |
Note: Due to the COVID-19 pandemic, GFOA has cancelled all Group-Live training events through September 2021.
Course Instructors
This course is taught by finance officers and other industry experts.