Course Information

An advanced session focusing on complex governmental accounting issues including pension and OPEB accounting, component unit reporting, and specialized transactions.

Objectives

1. Apply GASB standards for pension and OPEB accounting and reporting.

2. Evaluate and present component unit relationships in financial statements.

3. Address complex accounting issues such as derivatives, conduit debt, and service concession arrangements.

Outline

"Part 1: Introduction and Advanced Framework

1.a: Overview of advanced governmental accounting topics

1.b: Current GASB standards affecting complex transactions

Part 2: Pension Accounting (GASB 67/68)

2.a: Defined benefit pension plan reporting

2.b: Net pension liability measurement

2.c: Pension expense and deferred items

2.d: Employer vs. plan reporting

*Exercise: Pension journal entries and disclosures

Part 3: OPEB Accounting (GASB 74/75)

3.a: Other postemployment benefits overview

3.b: OPEB liability and expense recognition

3.c: Funding vs. accounting requirements

*Exercise: OPEB scenarios

Part 4: Component Unit Reporting

4.a: Criteria for component unit determination

4.b: Blended vs. discrete presentation

4.c: Related organizations and joint ventures

*Exercise: Component unit evaluation

Part 5: Specialized Transactions

5.a: Derivative instruments (GASB 53)

5.b: Conduit debt obligations

5.c: Service concession arrangements (GASB 60)

5.d: Public-private partnerships (GASB 94)

*Exercise: Complex transaction scenarios

Part 6: Debrief and Q&A"

Completion of Governmental Accounting - Intermediate or equivalent experience; strong understanding of fund accounting and financial reporting. Senior government accountants, finance directors, and auditors with substantial governmental accounting experience.