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GASB No. 74 & 75: Best Practices in OPEB Accounting & Auditing

 Thu, 10/18/2018 from 9:00 am to 12:59 pm
 Online
 
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Registration Status: CLOSED -- Please contact the VSCPA at [email protected] or (800) 733-8272 for availability.
Member Price
$159.00 Regular Registration
Your Price
$199.00 Regular Registration
Designed For:

When you complete this webcast, you should be able to: Identify the new accounting and reporting requirements for public sector OPEB employers and plans. Determine your plan type and trusted status which impact the applicable reporting requirements. Calculate, account for, and report the net or

Prerequisite:

Prior experience with Governmental Accounting and Reporting

GASB Statement No. 74, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans, and GASB Statement Nos. 75 Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions, become effective in 2017 and 2018, respectively. Each new statement represents a monumental change for those that prepare or audit financial statements containing postemployment benefit plans other than pension plans. While duplicating and applying the reporting requirements of GASB Statement No. 68, Accounting and Financial Reporting for Pensions to the accounting and reporting for governmental OPEB, substantive differences exist between pensions and OPEB that affect implementation. This webcast will explain the underlying differences between OPEB and pension valuations and how to successfully implement the OPEB reporting requirements for both the plan and employer.

Delivery Method: Individual webcast
CPE Credit: Accounting (governmental), Auditing (governmental)
Program Level: Intermediate

Related Events

The Virginia Society of CPAs (VSCPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.