Course DescriptionGASB Statements 68 and 71 (employer pension accounting) are now in their second year of implementation. A number of problems have appeared in year two that did not appear in year one. Other topics to be covered include a review of GASB statements 72-82, along with 5 exposure drafts and one large project on the horizon: a new financial reporting model.
Upon successful completion of this course, participants will be able to:
- Identify the problems common in year 2 of implementation of GASB statements 68 and 71
- Review highlights of GASB statements 72-82, noting those specifically with applicability in the current year
- Understand the vision of where the GASB is going in future years with standard setting by reviewing exposure drafts and future project agendas
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