CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Accounting for Pensions and Postretirements

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
4 Credits: Accounting

Course Description

The pension fund is a separate legal and accounting entity.  Although a company is not required to have a pension plan, if it does it must follow financial accounting standards and government accounting and presentation dictates. The major types of pension plans are defined contribution and defined benefit. The course presents reporting by a trustee for the plan, including the requirements surrounding pension plan financial statements. The accounting for settlements, curtailments, and terminations is presented. Postretirement benefit plans other than pensions are also discussed. Finally, the accounting and reporting for postemployment benefits are presented.

Learning Objectives

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

  • Distinguish between 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 reporting requirements for pension plans in financial statements.
  • Identify the differences between pensions and postretirement health care benefits.
  • Recognize differences in accounting for pensions vs. accounting for other postretirement benefits.

Course Specifics

Course ID
1203509
Revision Date
March 12, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Delta CPE LLC Headshot
Delta CPE LLC

For many years, Delta CPE LLC 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.

Accounting for Pensions and Postretirements

Expert Instructors
Format
CPE CREDITS
4 Credits: Accounting

$116.00$136.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
4 Credits: Accounting

Course Description

The pension fund is a separate legal and accounting entity.  Although a company is not required to have a pension plan, if it does it must follow financial accounting standards and government accounting and presentation dictates. The major types of pension plans are defined contribution and defined benefit. The course presents reporting by a trustee for the plan, including the requirements surrounding pension plan financial statements. The accounting for settlements, curtailments, and terminations is presented. Postretirement benefit plans other than pensions are also discussed. Finally, the accounting and reporting for postemployment benefits are presented.

Learning Objectives

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

  • Distinguish between 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 reporting requirements for pension plans in financial statements.
  • Identify the differences between pensions and postretirement health care benefits.
  • Recognize differences in accounting for pensions vs. accounting for other postretirement benefits.

Course Specifics

Course ID
1203509
Revision Date
March 12, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Delta CPE LLC Headshot
Delta CPE LLC

For many years, Delta CPE LLC 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.

Accounting for Pensions and Postretirements

Expert Instructors
Format
CPE CREDITS
4 Credits: Accounting

$116.00$136.00

Clear