Accounting for Pensions and Other Postemployment Benefits

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 postemployment benefits, or experience preparing financial statements for a public employee retirement system.

Field of Study

Accounting — Governmental

Topics

Accounting and Financial Reporting

Format

Offered Both as Group-Live Class and E-Learning Opportunity

CPE

8

The seminar is designed to equip participants with a solid working knowledge of accounting and financial reporting for pensions, other postemployment benefits (OPEB), and termination benefits. It also offers practical guidance on how to prepare an annual comprehensive 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 annual comprehensive 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

Total CPE

Day 1

Day 2

Group Live

8 CPE

8 Hours

E-Learning

8 CPE

4 Hours

4 Hours

Course Instructors

This course is taught by finance officers and other industry experts.

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