Part 1 focuses on the accounting aspects of GASB 75, Accounting and Financial Reporting for Post- Employment Benefits Other Than Pensions, with an emphasis on how the OPEB standard differs from pension related requirements including the underlying substance of OPEB transactions and actuarial related considerations. It includes specific examples of journal entries needed to convert governmental budget basis numbers to a GAAP basis in the government-wide and proprietary statements.
Understanding substantive differences between pensions and OPEB
How governments can prepare for a smooth implementation
Understanding the actuarial valuation
Assistant City Manager,
City of Carrollton, Texas