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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 ...
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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/...
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https://www.calpers.ca.gov/docs/gasb-68-cost-sharing-guide.pdf
 CCMA White Paper – Implementing GASB No. 68
Accounting...
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2016 Maze Live GASB 68 and 71 Planning for the Second Year

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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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2016 Maze Live GASB 68 and 71 Planning for the Second Year

  1. 1. 1
  2. 2. 2
  3. 3. 3
  4. 4. 4
  5. 5. 5
  6. 6. 6
  7. 7. 7
  8. 8. 8
  9. 9. 9 Changes to the Accounting Valuations
  10. 10. 10
  11. 11. 11
  12. 12. 12
  13. 13. 13 Calculating Certain Deferred Outflows/Inflows and NPL Sensitivity Disclosure
  14. 14. 14
  15. 15. 15
  16. 16. 16
  17. 17. 17
  18. 18. 18
  19. 19. 19
  20. 20. 20
  21. 21. 21
  22. 22. 22
  23. 23. 23
  24. 24. 24 Sensitivity Disclosure  To calculate the +1% and –1% amounts for disclosure, the NPL must be grossed up as follows
  25. 25. 25 Sensitivity Disclosure Calculation – EXAMPLE ONLY
  26. 26. 26
  27. 27. 27
  28. 28. 28
  29. 29. 29
  30. 30. 30
  31. 31. 31 Deferred Outflows/Inflows of Resources Amortization
  32. 32. 32 (EARSL)
  33. 33. 33 Proportionate Share of Contributions
  34. 34. 34 Disclosure Sources
  35. 35. 35
  36. 36. 36
  37. 37. 37
  38. 38. 38
  39. 39. 39
  40. 40. 40
  41. 41. 41 Clarifications
  42. 42. 42
  43. 43. 43
  44. 44. 44
  45. 45. 45
  46. 46. 46
  47. 47. 47
  48. 48. 48
  49. 49. 49
  50. 50. 50  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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  52. 52. 52
  53. 53. 53
  54. 54. 54
  55. 55. 55
  56. 56. 56
  57. 57. 57
  58. 58. 58
  59. 59. 59 http://www.gasb.org/jsp/GASB/Page/GASBSectionPage&cid=1176160042391#gasbs 75 https://www.calpers.ca.gov/page/employers/actuarial-services/gasb
  60. 60. 60 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
  61. 61. 61
  62. 62. 62

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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