Are you planning to live until 100 (We sure hope so!)? But do you wonder if your employer has the same assumption (probably not!)? But why does it matter? Well, your life expectancy is one of the many assumptions your employer must consider when accounting for your retirement benefits in accordance with U.S. GAAP. This CPE-eligible, eLearning course (1.5 CPE) provides an overview accounting for retirement benefits in accordance with ASC 715, specifically defined benefit pension plans. After providing an overview of basic pension and postretirement benefit plan accounting, this online course dives into the specifics of the postretirement benefit obligation (PBO) and plan assets associated with defined benefit plans. You then learn about the components of net periodic pension costs, including prior service costs and actuarial gains/losses, and the related amortization. After discussing the appropriate accounting for plan amendments, curtailments, and settlements, we finish the course with the presentation and disclosure requirements for defined benefit plans. Accounting for pensions can be tricky, but we make it easier to understand!