Pensions and Retirement Training Course on IFRS and IPSAS Pension Accounting
Master Pensions Retirement Training with expert training. 10 Days course with certification. Comprehensive training program. Online & in-person. Enroll now!
Pensions And Retirement Courses10 DaysCertificate Included
Duration
10 Days
Mode
Online & Physical
Certificate
Included
Language
English
Course Overview
This course provides participants with an in-depth understanding of pension accounting under IFRS and IPSAS standards. The course covers recognition, measurement, and disclosure requirements for Defined Benefit (DB) and Defined Contribution (DC) plans, enabling participants to ensure accurate reporting, compliance, and transparent communication of pension-related financial information.
Secure enrollment • Professional certificate included
Learning Objectives
By the end of the course, participants will be able to:
Understand the key principles of IFRS and IPSAS accounting for pensions.
Apply accounting treatments for DB and DC plans.
Recognize, measure, and report pension liabilities and assets.
Perform actuarial valuations in accordance with accounting standards.
Understand the impact of assumptions on financial statements.
Prepare compliant disclosures and notes for financial reporting.
Communicate pension accounting information effectively to stakeholders.
Course Content
Module 1: Introduction to Pension Accounting Overview of IFRS and IPSAS pension accounting standards Importance of accurate pension accounting for financial reporting Differences between IFRS, IPSAS, and local regulatory frameworks Role of pension accounting in corporate and public sector transparency Impact of incorrect pension accounting on funding, solvency, and stakeholder trust Case study: Real-world financial consequences of misreporting pensions Discussion: Key challenges in pension accounting implementation Module 2: Accounting for Defined Contribution (DC) Plans Recognition and measurement of employer and employee contributions Accounting for plan administration costs Treatment of voluntary employee contributions and rollovers Reporting of DC plan obligations in financial statements Reconciling contributions with actual fund balances Practical exercise: Preparing journal entries and ledgers for DC plan contributions Case study: Effective DC plan accounting practices Module 3: Accounting for Defined Benefit (DB) Plans – Overview Recognition and measurement of DB plan obligations and assets Understanding actuarial gains and losses and their impact on financial statements Accounting for past service costs and plan amendments Components of DB plan expense: service cost, interest cost, remeasurement Treatment of plan settlements, curtailments, and terminations Case study: DB plan accounting in corporate and public sector settings Group exercise: Identifying key accounting entries in DB plans Module 4: Actuarial Assumptions and Pension Measurement Selection of actuarial assumptions: mortality, longevity, discount rate, salary growth, inflation Impact of assumptions on DB liability measurement Sensitivity of financial statements to actuarial assumptions Methods to calculate the present value of defined benefit obligations (DBO) Exercise: Quantifying pension liabilities using actuarial assumptions Discussion: Best practices in assumption selection and review Module 5: Recognition and Allocation of Pension Expenses Components of pension expense under IFRS/IPSAS Allocating costs to periods of service Accounting for actuarial gains and losses through OCI or P&L Treatment of contributions from plan participants Practical exercise: Calculating total pension expense and allocating it in financial statements Case study: Pension expense reporting for multi-employer schemes Module 6: Reporting and Disclosure Requirements Key disclosure requirements under IFRS and IPSAS Notes to the financial statements: actuarial assumptions, sensitivity analysis, funding status Required reconciliations and presentation of plan assets and obligations Disclosures for multi-employer and hybrid plans Workshop: Drafting detailed pension disclosures for financial reports Discussion: Enhancing transparency and clarity in pension reporting Module 7: Accounting for Plan Amendments, Curtailments, and Settlements Recognizing past service costs and their immediate or deferred impact Accounting for plan curtailments and settlements Impact on liabilities and expenses in financial statements Case study: Handling plan amendments and early retirement incentives Practical exercise: Recording accounting entries for plan changes Discussion: Best practices in managing plan modifications from an accounting perspective Module 8: Regulatory Compliance and Audit Considerations Ensuring compliance with IFRS, IPSAS, and local regulations Understanding the auditor’s role in pension accounting Common errors and pitfalls in pension accounting Documenting actuarial reports and accounting reconciliations Exercise: Preparing audit-ready accounting documentation for pension plans Case study: Audit challenges and solutions for DB and DC plans Module 9: Sensitivity Analysis and Risk Reporting Performing sensitivity analysis on discount rates, mortality, salary growth, and inflation assumptions Reporting the impact of changes on liabilities, funding, and expense Communicating uncertainty and risk exposures to stakeholders Visualization techniques for financial statement notes Exercise: Preparing a sensitivity analysis report for board review Discussion: How to incorporate risk reporting into regular pension reporting cycles Module 10: Case Studies and Practical Applications Review of real-world IFRS and IPSAS pension accounting examples Group simulation: Preparing full pension accounting entries, disclosures, and sensitivity analysis Lessons learned and best practices in pension accounting Developing actionable recommendations for improving compliance and transparency Final discussion, review, and certification
