GASB No. 74: Postemployment Benefit Plans Other Than Pension Plans
Authored by Kelen Camehl, CPA
About this Course
This course focuses on providing an overview of the requirements with respect to GASB Statement No. 74 which includes identifying the various types of defined benefit and defined contribution OPEB plans, what is and is not included in total OPEB liability, and differentiating between the disclosure requirements among the various types of OPEB plans. Upon completion of this course, you will be able to: Identify the features applicable to trusts and other equivalent arrangements. Identify the various types of defined benefit OPEB plans within the scope of Statement No. 74. Differentiate between the characteristics of defined benefit and defined contribution OPEB plans. List the required financial statements to be included in a financial report of an OPEB plan. Calculate the net position restricted for OPEB. Differentiate between the information required within the notes to the financial statements and required supplementary information of defined benefit OPEB plans. Identify the effective date and transition guidance for Statement No. 74.
Basic understanding of defined benefit and defined contribution OPEB plans for governmental entities.