Government OPEB Accounting and Financial Reporting WEBCAST
Overview
This course will provide an update on GASB New OPEB Standards regarding accounting and financial reporting. Key GASB Statements for OPEB, including GASB No. 74 (Financial Reporting for Post-employment Benefit Plans Other Than Pension Plans) and No. 75 (Accounting and Financial Reporting for Post-employment Benefits Other Than Pensions), will be reviewed. During the course, participants will gain an understanding of new OPEB standards (GASB Statements No. 74, 75 and 92) and compare them to prior standards for historical context. Class exercises will review a city’s ACFR and actuarial valuation and the financial reporting of Net OPEB Liability and related note disclosures.
Highlights
Accounting and financial reporting for total and net OPEB liability. Key GASB statements for OPEB. Determining measurement date. Using alternative measurement method for the total OPEB liability defined benefit and defined contribution OPEB plans. Actuarial valuation of total and net OPEB liability.
Prerequisites
An understanding of governmental accounting and financial reporting.
Designed For
Governmental accountants and financial professionals.
Objectives
Determine accounting and financial reporting for state and local governmental OPEB Plans. Recognize and review the Net OPEB liability in a city’s annual comprehensive financial report. Identify and review the actuarial valuation for total OPEB liability.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Gary Caporicci
Gary Caporicci is a Senior Partner and co-founder of Caporicci & Larson, CPAs, with offices in Irvine, Oakland, Sacramento and San Diego, California. Mr. Caporicci has over 30 years of audit and management experience and is responsible for the Firm’s Audit and Accounting practice. Gary has extensive experience and knowledge in auditing and consulting for many government agencies and has authored many audit and accounting courses. He has been a frequent speaker and lecturer at many professional organizations and governmental seminars and conferences including the California CPA Education Foundation, Government Finance Officers Association, Texas Society of CPA’s, Institute of Internal Auditors, major CPA firms and several universities. Mr. Caporicci is chair of the Governmental Accounting and Auditing Committee of the California Society of CPAs; National Reviewer for the Government Finance Officers Association; California and Texas Societies of CPA’s, Institute of Internal Auditors and Association of Government Accountants. Gary also chairs the Governmental Accounting and Auditing Conference sponsored by the California society of CPA’s. He is a Core Adjunct Professor at National University teaching government accounting, auditing and other upper division and graduate courses. In 2006 Mr. Caporicci was awarded Instructor of the Year for California CPA Education Foundation.
Non-Member Price $209.00
Member Price $159.00