Update your understanding of GASB new pension standards for accounting and financial reporting. Compare to prior standards for historical context. Use actual class exercises to review financial reporting of Total and Net Pension Liabilities and related note disclosures. The new pension standards are GASB statements Nos. 67, 68, 71, 73, 78, 82 ,85 and 92.
Accounting and financial reporting for (aggregate) net pension liabilities. Effect of the measurement date. Eight new pension standards by GASB. GAAP for government . Defined benefit and defined contribution pension plans. Impact on deferred outflows of resources and deferred inflows of resources.
An understanding of governmental accounting and financial reporting.
Governmental accountants and financial professionals.
Establishes financial reporting and accounting for state and local governmental OPEB Plans. Review a city’s comprehensive annual financial report (CAFR) as it relates to the Net OPEB Liability. Recognize and review an actuarial valuation for the Total OPEB Liability. Understand the consistencies and inconsistencies of the OPEB Standards as compared to the pension standards. Determine what is the measurement date. Discuss the use of the alternative measurement method for the total OPEB liability.
Gary Caporicci is a Senior Partner and co-founder of Caporicci & Larson, CPAs, with offices in Irvine, Oakland, Sacramento and San Diego, California. Mr. Caporicci has over 30 years of audit and management experience and is responsible for the Firm’s Audit and Accounting practice.
Gary has extensive experience and knowledge in auditing and consulting for many government agencies and has authored many audit and accounting courses. He has been a frequent speaker and lecturer at many professional organizations and governmental seminars and conferences including the California CPA Education Foundation, Government Finance Officers Association, Texas Society of CPA’s, Institute of Internal Auditors, major CPA firms and several universities.
Mr. Caporicci is chair of the Governmental Accounting and Auditing Committee of the California Society of CPAs; National Reviewer for the Government Finance Officers Association; California and Texas Societies of CPA’s, Institute of Internal Auditors and Association of Government Accountants. Gary also chairs the Governmental Accounting and Auditing Conference sponsored by the California society of CPA’s.
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.
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