Accounting for Pension & OPEB

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 for a public employee retirement system (PERS). 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 Determine the appropriate measure of cost for termination benefits

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 CAFR and the contents of each
  • Determine the appropriate measure of cost for termination benefits
Field of Study: Accounting (governmental)
Credits: 8
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.

Details:
October 28, 2021 - 1:00 pm to 5:00 pm ET
October 29, 2021 - 1:00 pm to 5:00 pm ET

 

Member Price: $280.00
Non-member Price: $560.00

When
10/28/2021 - 10/29/2021
Where
Interactive LMS Virtual training
 

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