Accounting for Pensions & Post Retirement Benefits

Price: $39.00

CPE Credits: 4.0

Category:

Course Number: AAPRETDP

pension accounting

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.  Table of contents

Delivery Method: QAS  Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: DeltaCPE LLC

Publication: September 2015; Updated: October 2018

Format: PDF
Pages: 109

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should 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.

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.  Table of contents

Delivery Method: QAS  Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: DeltaCPE LLC

Publication: September 2015; Updated: October 2018

Format: PDF
Pages: 109

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should 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.
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  • “Excellent Regulatory Review Course. The self-study format (E-Book) provided an excellent overview of the regulatory requirements for California CPAs. I will be using the E-Book as  a reference material. Thank you for providing a very comprehensive yet affordable option for this required CPE.”

    - Constance