How did your implementation go last year? In this session, we will cover issues that we or our clients encountered during the implementation of GASB 68 and 71. We will also cover anticipated challenges, new information from actuaries, as well as sample journal entries in this first year after implementation. Presenter Amy Meyer, CPA, Audit Partner

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Changes to the Accounting Valuations

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Calculating Certain
Deferred Outflows/Inflows
and NPL Sensitivity Disclosure

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Sensitivity Disclosure
 To calculate the +1% and –1% amounts for disclosure,
the NPL must be grossed up as follows

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Sensitivity Disclosure Calculation – EXAMPLE ONLY

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Deferred Outflows/Inflows of Resources
Amortization

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(EARSL)

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Proportionate Share of Contributions

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Disclosure Sources

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Clarifications

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 CEP = The total payroll of employees that are provided with pensions through
the pension plan, including pensionable and non-pensionable amounts.

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http://www.gasb.org/jsp/GASB/Page/GASBSectionPage&cid=1176160042391#gasbs
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https://www.calpers.ca.gov/page/employers/actuarial-services/gasb

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https://www.calpers.ca.gov/docs/gasb-68-cost-sharing-guide.pdf
 CCMA White Paper – Implementing GASB No. 68
Accounting and Financial Reporting for Pensions:
 http://www.calcpa.org/members/technical-resources/gaa-white-papers

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