Total Credits: 4 including 2 Accounting (Governmental) - Technical, 2 Auditing (Governmental) - Technical
GASB Statement No. 68 changes the playing field for government organizations. Learn about the landmark pension accounting changes and how they change the accounting and financial reporting of pension benefits. Practical examples illustrate the new accounting requirements and more extensive note disclosures along with required supplementary information. Enhance your understanding of these significant changes by working through case studies, which address best practice solutions when auditing state and local governments with agent and cost-sharing plans.
*Describe new accounting requirements for single employer, agent multiple-employer, and cost-sharing multiple-employer plans
*Understand the substantial changes to methods and assumptions used to determine actuarial information
*Explain how net pension liability (asset), pension expense, and deferred outflows of resources and deferred inflows of resources related to pensions are calculated and derived
*Understand the role of management specialists, auditor specialists, and service organizations, and the related audit implications
*Distinguish the responsibilities of plan management, the plan's auditor, employer management, and the employer's auditor in the context of audits of government employers
*Apply best practice solutions in single employer, agent multiple-employer, and cost-sharing multiple-employer plan audit engagements
*Audit pension plan disclosures
*GASB Statement No. 68 Accounting by Governmental Employers
*Auditing Single and Multiple-Employer Plans
*Pension Plan Disclosures
Course Manual - GASB Statement No. 68 Audit & Accounting Workshop (22.97 MB) | Available after Purchase |
Jeffrey Lieman, CPA, heads his own consulting firm, Lieman Associates LLC, in Owings Mills, Md. He provides consulting services, contractual assistance services and training to CPAs, their firms and their clients. He is recognized nationally as a lecturer for various accounting, auditing and technology topics and has been quoted in various trade journals. Jeffrey’s previous experience includes serving as the chief financial examiner for the Maryland Insurance Administration and as a director for Ellin & Tucker, Chartered. He trained staff in many areas of accounting, administration and consulting. He also served as a senior manager and national trainer with KPMG in Baltimore, Md. where he developed training materials for staff and instructors. He was elected “Chairman of the Year” by the Maryland Association of CPAs (MACPA) for chairmanship of the Computer Resources Committee.
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Business Professionals' Network, Inc. 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: www.nasbaregistry.org
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