Government Pension Accounting and Financial Reporting 2024
4.00 Credits
Member Price $159
Non-Member Price $209
Overview
This course will update your understanding of GASB’s new pension standards (GASB statements Nos. 67, 68, 71, 73, 78, 82, 85 and 92) for accounting and financial reporting and compare them to prior standards. In-class exercises will review financial reporting of Total and Net Pension Liabilities and related note disclosures.
Highlights
- Accounting and financial reporting for Net Pension Liabilities
- Effect of the Measurement Date
- New pension standards by Governmental Accounting Standards Board (GASB)
- Generally Accepted Accounting Principles (GAAP) for government
- Defined Benefit and Defined Contribution Pension Plans
- Review and compare data and statistics for CalPERS in 2020 and 2021
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 government pension plans
- Recognize financial reporting of pensions in a city's Annual Comprehensive Financial Report (ACFR) and Notes to the Financial Statements
- Identify actuarial valuation for Total Pension Plan Liability and the resulting Net Pension Liability
Preparation
None
Leader(s):
Leader Bios
Gary Caporicci, AICPA
Gary M. Caporicci, CPA, CGFM, CFF, is a senior partner and co-founder of Caporicci ; Larson, Inc. Certified Public Accountants, a subsidiary of MarcumLLP. Mr. Caporicci has over 30 years of audit and management experience and is responsible for the Firm’s Auditing and Accounting practice. Mr. Caporicci has extensive experience and knowledge in auditing and consulting for many government agencies. He has authored many audit and accounting courses and has been a frequent speaker and lecturer at many professional organizations. 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. He participated as a member of the Governmental Accounting Standards Board (GASB) Task Force on Deposits and Investment Risks Disclosure (GASB No.40) and is a member of the Governing Council of the California Society of CPAs. In 2010, Mr. Caporicci was awarded The Conference Volunteer of the Year for California CPA Education Foundation. Mr. Caporicci has written AICPA Accounting and Audit Guides for government and construction. In addition he has authored and instructed many governmental seminars and conferences. Mr. Caporicci’s was Chair of the California Committee on Municipal Accounting , Chair of the California Governmental Accounting and Auditing Committee and Chair and speaker of CalCPA’s Governmental Accounting and Auditing Conference. He is also a member of the CalCPA Council and National Reviewer for the Government Finance Officers Association.
Non-Member Price $209
Member Price $159