Financial Reporting Issues

Accounting for Pensions and Postretirement Benefits

Course Overview
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:

After completing this course, the course participant 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.

  • Speaker / Author:

    Steve Spafford is a CPA with DeltaCPE LLC, a national CPE provider.


    Price (USD)

    Standard: $74.85


    Course Code : 99DEL34

    Release Date : 03/21/2017
    Expire Date : 06/14/2020
    Credits :
    CPE 3.00
    QAS 3.00

    Length : 2hr 30min
    Course Level : Overview
    Course Type : Self-Study
    Passing Grade : 70%
    Format Type : eLearning
    Mobile Compatible
    Field Of Study : Accounting

    Theme : Financial Reporting Issues

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