GASB’s standards on financial reporting for pensions could have a significant effect on government organizations. Daniel Clark and Brian Mosier from Clark Schaefer Hackett provide an overview of GASB 68, along with insights and potential solutions to a few of the issues related to the adoption process.
Learning Objectives:
• Identify the key accounting and reporting provisions of the pension standard
• Describe certain implementation issues facing financial managers
• Discuss the important decisions that must be made by employers in adopting the standards
• Understand the issues facing employers in cost-sharing and agent multiple-employer plans and the recommendations to resolve those issues