With regard to current GASB standards for other postemployment benefit reporting: 1. What are other postemployment benefits?

Question:

With regard to current GASB standards for other postemployment benefit reporting:
1. What are other postemployment benefits?
2. What are the reporting requirements of OPEB obligations for prepared using the economic resources measurement focus?
3. How is the annual OPEB expenditure for governmental-type funds determined?
4. What are the three components of the annual OPEB expense that may be expected each year. (Assume this is for prepared using the economic resources measurement focus.)
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...