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.
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
Defined-Benefit Pension Plans
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
Pension Plan Benefit Formula
Underfunding or Overfunding
Summary of Accounting for Pension Plans
Employers Having More Than One Defined-Benefit Plan
Annuity (Allocated) Contracts
Employee Retirement Income Security Act (ERISA)
Settlement, Curtailment, and Termination
Trustee Reporting of a Defined-Benefit Pension Plan
Postretirement Benefit Plans Other Than Pensions
Employers' Disclosures about Pension and Other Postretirement Benefits
Pension Plan Financial Statements
Net Assets Available for Benefits
Statement of Changes in Net Assets Available for Benefits
Actuarial Present Value of Plan Benefits
Changes in Actuarial Present Value of Plan Benefits
Employers' Accounting for Postemployment Benefits
Profit Sharing Plans
Annual Report References
Review Question Answers and Rationales
Choose Your Preferred Format
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.
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.
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.
Back to top