Accounting for Retirement Benefits ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
A business may provide its employees with various benefit plans after they have retired, of which the most common is the pension plan. The accounting for these benefits can appear arcane, especially when a defined benefit plan is involved. In Accounting for Retirement Benefits, we describe the key elements of both defined benefit and defined contribution plans, and how to account for them. The course also identifies the complete range of disclosures associated with pension plans, which can be quite extensive. In short, Accounting for Retirement Benefits provides the accountant with a solid understanding of the fundamental issues associated with retirement benefits.
Highlights
Overview of retirement benefits. Defined benefit plans. Defined contribution plans. Retirement benefit disclosures.
Prerequisites
None.
Designed For
CPAs, financial professionals, enrolled agents, and attorneys.
Objectives
Recognize the components of net periodic pension cost. Describe the calculation of the return on plan assets. Recognize the criteria used to calculate interest on the projected benefit obligation. Specify the accounting for defined contribution retirement plans. Recognize the different types of retirement-related disclosures required for public and private companies.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $33.00
Member Price $29.00