GASB develops implementation guide for Statements 43 and 45 on OPEB.As a part of its mission to guide and educate the public about its standards, the Governmental Accounting Governmental accounting is an umbrella term which refers to the various accounting systems used by various public sector entities. In the United States, for instance, there are three levels of government which follow different accounting standards set forth by independent, private Standard Board has published a Guide to Implementation of GASB Statements 43 and 45 on Other Postemployment Benefits The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . The guide was prepared by GASB GASB Governmental Accounting Standards Board staff primarily to assist preparers and auditors of governmental financial statements and those that advise them as they implement the GASB's recently issued standards on accounting and reporting for healthcare and other non-pension benefits provided to retirees. These benefits are commonly referred to as other postemployment benefits or OPEB OPEB Other Post-Employment Benefits OPEB Other Postretirement Obligations (pensions/retirement) . In addition, the guide includes questions and answers and expanded illustrations related to the option provided for certain employers and plans with small plan memberships, allowing them to apply an alternative measurement method to estimate liabilities and expenses associated with their OPEB obligations. The Implementation Guide (product code GQA GQA Government Quality Assurance GQA Graded Quality Assurance 43/45) can be ordered through the GASB's Order Department at 800/748-0659 or www.gasb.org. |
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