Government Pension Accounting and Financial Reporting Webinar

• Establishes financial reporting and accounting for state and local governmental pension plans.
• Recognize and discuss class exercises for a city's Comprehensive Annual Financial Report (CAFR) and Notes to the financial statements with emphasis on pensions.
• Identify actuarial valuation for Total Pension Plan Liability.
• Recognize some specific auditing issues for pensions, such as census data auditing.
• Summarize key points from GASB statements: . No. 67, Financial Reporting for Pension Plans . No. 68, Accounting and Financial Reporting for Pension Plans . No. 71, Pension Transition for Contributions Made Subsequent to the Measurement Date . And others, Nos. 73, 78, 82 and 85.

• Accounting and financial reporting for (Aggregate) Net Pension Liability
• Effect of the Measurement Date
• Seven new pension standards by Governmental Accounting Standards Board (GASB)
• Generally Accepted Accounting Principles (GAAP)for government 
• Defined Benefit and Defined Contribution Pension Plans
• Impact on Deferred Outflows of Resources and Deferred Inflows of Resources