Accounting for Pensions and Postretirement Benefits
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.

Course Publication Date: October 18, 2016

This course is available with NO ADDITIONAL FEE if you have an active self study membership or can be purchased for $35.00!

Author:Delta CPE
Course No:ACT-PENSION-4766
Recommended CPE:3.50
Delivery Method:Self Study
Level of Knowledge:Overview
Prerequisites:None
Advanced Preparation:None
Recommended Field of Study:Accounting
  
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Learning Objectives
  • 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.

CPE Depot Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

Sponsor Number: 109423

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