Self-Study
3
Basic
Accounting
There are no prerequisites

Course Description

Companies that offer pension plans must follow often-perplexing financial accounting standards and government accounting and presentation dictates. This course will help you sort through the major types of pension plans and understand specific terminology related to these plans. This course also presents reporting by a trustee for the plan, including the requirements surrounding pension plan financial statements. Other topics covered include:

  • Accounting for settlements, curtailments, and terminations
  • Nonpension postretirement benefit plans
  • Accounting and reporting for postemployment benefits
  • Under-funded or over-funded pensions
  • Reporting requirements for pension plans in financial statements
  • Differences between pensions and postretirement health care benefits

This course qualifies for AICPA-EBPAQC credit.



Instructor

Delta Publishing

For many years, Delta Publishing has offered a wide variety of continuing education courses for financial professionals. Topics covered by Delta’s courses include accounting, financial management, budgeting, investments, financial statement reporting, business management, IFRS, ethics, valuations, real estate, and business writing. The diversity and breadth of Delta’s course offerings make the company a prolific and unique contributor to the CPE world. Delta’s well-credentialed authors and contributors have also been published in numerous academic and professional journals and quoted by some of the leading financial media outlets.



Course Specifics

Accounting
May 24, 2017
There are no prerequisites
SS1123320
96
None


Compliance Information

103220
Qualifies for CA Fraud: No


Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Recognize the characteristics of and includible items in defined contribution and defined benefit pension plans.
  • Recognize terminology used in pension plan accounting.
  • Calculate pension expense costs in a defined benefit plan.
  • Identify the accounting and reporting requirements for pension plans in financial statements.
  • Recognize the accounting for postretirement health care benefits.


Table of Contents

Learning Objectives

Pension Plans

Defined-Benefit Pension Plans

Terminology

Total Pension Expense

Actuarial Gains and Losses/Prior Service Costs

Gain or Loss

Smoothing Unexpected Gains and Losses on Plan Assets

Smoothing Unexpected Gains and Losses on the Pension Liability

Corridor Amortization

Pension Plan Benefit Formula

Plan Assets

Underfunding or Overfunding

Retirement Benefit

Summary of Accounting for Pension Plans

Application Examples

Business Combinations

Discontinued Operations

Employers Having More Than One Defined-Benefit Plan

Multiemployer Plans

Multiple-Employer Plans

Annuity (Allocated) Contracts

Employee Retirement Income Security Act (ERISA)

Life Insurance

Settlement, Curtailment, and Termination

Settlement

Curtailment

Termination

Trustee Reporting of a Defined-Benefit Pension Plan

Postretirement Benefit Plans Other Than Pensions

Accounting

Components

Plan Amendment

Corridor

Interim Periods

Disclosures

Employers' Disclosures about Pension and Other Postretirement Benefits

Pension Plan Financial Statements

Net Assets Available for Benefits

Investments

Contributions Receivable

Insurance Contracts

Operating Assets

Liabilities

Statement of Changes in Net Assets Available for Benefits

Actuarial Present Value of Plan Benefits

Changes in Actuarial Present Value of Plan Benefits

Required Disclosures

Employers' Accounting for Postemployment Benefits

Profit Sharing Plans

Annual Report References

Review Questions

Review Question Answers and Rationales

Glossary

Index

Final Examination

Answer Sheet

Course Evaluation

 



Choose Your Preferred Format


Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy


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