dmb Posted September 23, 2003 Report Share Posted September 23, 2003 Does anyone have a cite or source where i can find info regarding which GASB reports need to be prepared for a govt. DB plan? Thanks. Link to comment Share on other sites More sharing options...
Guest DBtech Posted September 23, 2003 Report Share Posted September 23, 2003 I'd suggest obtaining the "Implementation Guide to GASB Statements 25, 26, and 27" from GASB.org--as well as copies of Statements 25 and 27 (Reporting and Accounting for Governmental DB Plans.) Statement 26 is for post-retirement Health plans. There are some good examples of the reporting and accounting in the Guide. We usually get by with a 5 or 6 page annual report for government plans. Link to comment Share on other sites More sharing options...
dmb Posted September 23, 2003 Author Report Share Posted September 23, 2003 Thanks. Compared to FAS 87 is more involved or time consuming?? Link to comment Share on other sites More sharing options...
Guest DBtech Posted September 24, 2003 Report Share Posted September 24, 2003 GAS 25 reporting is nowhere near as involved as FAS 87. You report on the basis of the plan's actuarial cost method--no need to use PUC, etc. GAS 27 accounting is a little complicated w/r/t the net pension obligation--but follow the examples in the Implementation Guide and you won't have any trouble Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now