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Accounting for Pensions and Postretirement Benefits (Course Id 472)

QAS / Registry   Add to Cart 
Author : Jae K. Shim, Ph.D., CPA
Status : Production
CPE Credits : 4.0
IRS Credits : 0
Price : $35.95
Passing Score : 70%
Course Type: NASBA QAS - Text - Technical - NASBA Registry
Primary Subject-Field Of Study:

Accounting - Accounting for Course Id 472

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.  

Usage Rank : 0
Release : 2018
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 14-Aug-2019
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - Text - Technical - NASBA Registry - 472

Keywords : Accounting, Accounting, Pensions, Postretirement, Benefits, cpe, cpa, online course
Learning Objectives :

Accounting for Pension and Postretirement Benefits Course Learning Objectives

After studying this course you will be able to:
    1. Distinguish between defined contribution and defined benefit pension plans.
    2. Recognize terminology used in pension plan accounting.
    3. Calculate pension expense costs in a defined benefit plan.
    4. Identify the reporting requirements for pension plans in financial statements.
    5. Identify the differences between pensions and postretirement health care benefits.
    6. Recognize differences in accounting for pensions vs. accounting for other postretirement benefits.
Course Contents :

Chapter 1 - Accounting for Pensions and Postretirement Benefits

Course Learning Objectives

Pension Plans


Defined Contribution Pension Plan

Defined Benefit Pension Plan

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

Review Questions - Section 1

Corridor Amortization

Pension Plan Benefit Formula

Plan Assets

Underfunding or Overfunding

Summary of Accounting for Pension Plans

Application Examples

Business Combinations

Discontinued Operations

Employers Having More Than One Defined Benefit Plan

Multiemployer Plans

Multiple-Employer Plans

Annuity (Allocated) Contracts


Financial Statement Analysis

Employee Retirement Income Security Act (ERISA)

Life Insurance

Review Questions - Section 2

Settlement, Curtailment, and Termination




Trustee Reporting In a Defined Benefit Pension Plan

Postretirement Benefit Plans Other Than Pensions



Plan Amendment


Interim Periods


Employers' Disclosures about Pension and Other Postretirement Benefits

Pension Plan Financial Statements

Net Assets Available for Benefits


Contributions Receivable

Insurance Contracts

Operating Assets


Statement of Changes in Net Assets Available for Benefits

Actuarial Present Value of Plan Benefits

Changes in Actuarial Present Value of Plan Benefits

Required Disclosures

Employers' Accounting for Postemployment Benefits

Profit Sharing Plans

ASC, FASB, and Difference between GAAP and IFRS

Review Questions - Section 3

Appendix:  Annual Report Reference


CPE Accounting Course: https://www.cpethink.com/qas-cpa-courses
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