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DET367 – Accounting for Pensions and Post Retirement Benefits

Course and Test $  115.00
Course and Test PDF $  90.00
Additional Hard Copy Test $  21.00
Additional Online Test $  21.00


SKU: DET367 Category:

NASBA Color logo-1 inch

CPE Credit Hours: 7

Field of Study: Accounting

Publication date: October 2020


In 2020, the Pension Rights Center reported that one out of three older adults received income from private company or union pension plans; federal, state, or local government pension plans; or railroad retirement, military, or veterans’ pensions. The need to properly administer and account for pension funds is critical. There are specific requirements for pension accounting and post retirement benefits. ASC 715 CompensationRetirement Benefits provides guidance on financial reporting for employers who offer pension benefits to their employees. ASC 960 Plan AccountingDefined Benefit Pension Plans and ASC 962 Plan AccountingDefined Contribution Pension Plans address the plan accounting standards for defined benefit plans and defined contribution plans, respectively. Those detailed calculations of pension cost and reporting requirements produce a complex accounting standard.

This course is designed to help you navigate the complexities of this standard. It begins with an overview of the pension system in the U.S., discussing the nature of pension plans, plan participants’ activities, the classification of pension plans, and types of pension plans and their characteristics. It addresses the significance of pension federal laws, including the Employee Retirement Income Security Act, the Pension Protection Act, and the Multiemployer Pension Reform Act. This course also provides current coverage of the requirements for accounting and reporting on pension plans and post retirement benefits.

More Information

This is a self-study CPE course.
Program level: Intermediate
Prerequisites: GAAP
Advanced Preparation: None Required
Minimum Final Examination Passing Grade: 70%
Maximum Time Allowed To Complete Program: One Year From Date Of Purchase