Accounting or auditing professionals responsible for preparing or auditing the financial statements of state or local government employers that offer pension benefits.
The implementation of Governmental Accounting Standards Board (GASB) Statement No. 68, Accounting and Financial Reporting for Pensions, is about to fundamentally change how state and local governments account for the cost of pension benefits. This interactive Internet training session offers a comprehensive, easy-to-understand overview of the latest GASB guidance on pensions. The session also explores the significant implications for budgeting and auditing, and suggests effective strategies for explaining the change to elected officials and the public
To provide participants with a solid basic understanding of employer accounting and financial reporting for pensions under GASB Statement No. 68 and how the implementation of that standard will affect funding strategies and the employer’s financial statement audit.