Webcast: Government OPEB Accounting and Financial Reporting (XCGOPEB18)
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Get an update on GASB New OPEB Standards regarding accounting and financial reporting. Understand the OPEB Standards and compare with prior standards for historical context. Work through exercises to review a city's CAFR and actuarial valuation and review the financial reporting of Net OPEB Liability and related note disclosures.

6/12/2018
When: 06/12/2018
10:30 AM until 2:00 PM
Where: Webcast
CALCPA
4183500A
Louisiana
United States
Presenter: Gary M. Caporicci, CPA, CGFM, CFF


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Acronym XCGOPEB18
CPE 4 hours
Vendor CalCPA
Category
A&A
Level Intermediate
Prerequisite

An understanding of governmental accounting and financial reporting.

Adv Prep

None

Yellow Book?
Registration Fees
Members* $120
CPA Non-Members $188

*The member rate applies to LCPA members, other state CPA society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

Get an update on GASB New OPEB Standards regarding accounting and financial reporting. Understand the OPEB Standards and compare with prior standards for historical context.

Work through exercises to review a city's CAFR and actuarial valuation and another class exercise to review the financial reporting of Net OPEB Liability and related note disclosures. The New OPEB Standards are GASB Statements Nos. 74, 75 and 85.

Objectives

  • Establishes financial reporting and accounting for state and local governmental OPEB Plans.
  • Review a City's Comprehensive Annual Financial Report (CAFR) as it relates to the Net OPEB Liability.
  • Recognize and review an actuarial valuation for the Total OPEB Liability.
  • Understand the consistencies and inconsistencies of the OPEB Standards as compared to the Pension Standards.
  • Determine what is the Measurement Date.
  • Discuss the use of the Alternative Measurement Method for the Total OPEB Liability.

Major Topics

  • Accounting and Financial Reporting for Net OPEB Liability
  • GASB Statements:
    • No. 74, Financial Reporting for Post-employment Benefit Plans Other Than Pension Plans
    • No. 75, Accounting and Financial Reporting for Post-employment Benefits Other Than Pensions
    • No. 85, Omnibus 2017
  • Effect of the Measurement Date
  • Impact on Deferred Outflows of Resources and Deferred Inflows of Resources
  • Defined Benefit and Defined Contribution OPEB Plans
  • Actuarial Valuation of Total OPEB Liability
  • Generally Accepted Accounting Principles for government

Note: Login instructions will be provided by the webcast vendor (CalCPA).