Get the free GASB 45 Data Extract Request Form - calpers ca

This form is used to request a data extract of participant information necessary for performing actuarial valuations of Other Post Employment Benefits (OPEB) to comply with GASB 45 requirements.

How to fill out gasb 45 data extract

How to fill out GASB 45 Data Extract Request Form

1. Obtain the GASB 45 Data Extract Request Form from the relevant authority.
2. Fill in the agency or organization name at the top of the form.
3. Provide contact information, including the name, phone number, and email address of the person submitting the request.
4. Indicate the time period for which data is being requested.
5. Specify the type of data required (e.g., employee demographics, financial liabilities).
6. Review the completed form for accuracy.
7. Submit the form according to the provided instructions (e.g., via email or mail).

Who needs GASB 45 Data Extract Request Form?

1. Government entities that need to report on post-employment benefits under GASB 45 guidelines.
2. Accountants and financial officers responsible for compliance with GASB regulations.
3. Consultants assisting agencies with GASB 45 reporting requirements.

People Also Ask about

What is GASB 68 and 75?

68 and 75. Both GASB Statement No. 68, Accounting and Financial Reporting for Pensions and GASB Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions, affect the financial statements of MPSERS reporting units (employers).

What is GASB 68?

GASB 68 requires the government entity to recognize additional items as pension expense on the financial statements in order to record the change in the net pension liability from the previous reporting period.

What is the difference between GASB and FASB revenue recognition?

FASB standards, on one hand, are created by the Financial Accounting Standards Board (FASB) and they apply to all public companies. GASB standards, on the other hand, are created by the Governmental Accounting Standards Board (GASB) and they apply to state and local governments.

What is the difference between GASB 45 and 75?

The reporting requirements of GASB 75 are generally more extensive than those under GASB 45. The changes for GASB 75 are designed to standardize the way OPEB expense is calculated and displayed in order to have consistency and comparability between reporting entities.

What is the purpose of GASB 75?

Its intent is to improve accounting and financial reporting by requiring an OPEB liability to be reported on the face of the financial statements rather than in the accompanying notes (as previously required by Statement 45).

What is the difference between GASB 74 and GASB 75?

GASB 74 does NOT provide a Measurement Date unlike GASB 75. The Measurement Date under GASB 74 is the Reporting Date or fiscal year-end so it is important that the plan sponsor, actuaries, and auditors work together to ensure that reporting deadlines can be met.

What is the full form of GASB?

Established in 1984, the Governmental Accounting Standards Board (GASB) is the independent, private- sector organization based in Norwalk, Connecticut, that establishes accounting and financial reporting standards for U.S. state and local governments that follow Generally Accepted Accounting Principles (GAAP).

What is the GASB taxonomy?

The GASB has been developing a digital taxonomy for governmental financial reporting for the past couple of years. The taxonomy will be exposed for public comment late in 2025. One use would be for governments that voluntarily use digital technologies to communicate their financial statements.

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What is GASB 45 Data Extract Request Form?

The GASB 45 Data Extract Request Form is a document used to request data necessary for calculating the employer's financial obligations related to post-employment benefits other than pensions (OPEB) as required by the Governmental Accounting Standards Board Statement No. 45.

Who is required to file GASB 45 Data Extract Request Form?

Governmental entities that provide post-employment benefits other than pensions to their employees are required to file the GASB 45 Data Extract Request Form to gather necessary information for their financial reporting.

How to fill out GASB 45 Data Extract Request Form?

To fill out the GASB 45 Data Extract Request Form, an entity must provide detailed information including the entity's name, contact information, the specific data being requested, and the purpose of the request. It should be completed clearly and accurately to ensure correct data extraction.

What is the purpose of GASB 45 Data Extract Request Form?

The purpose of the GASB 45 Data Extract Request Form is to facilitate the collection of necessary data needed to assess and report on the long-term liability of post-employment benefits in accordance with GASB standards.

What information must be reported on GASB 45 Data Extract Request Form?

The information required on the GASB 45 Data Extract Request Form typically includes details such as employee demographics, benefit plan descriptions, and any relevant actuarial assumptions needed to evaluate the post-employment benefits liability.