tailieunhanh - Lecture Issues in financial accounting – Lecture 23: Accounting for pensions and postretirement benefits

The contents of this chapter include all of the following: Distinguish between accounting for the employer’s pension plan and accounting for the pension fund, identify types of pension plans and their characteristics, explain alternative measures for valuing the pension obligation, list the components of pension expense,. | Accounting for Pensions and Postretirement Benefits PART II: Corporate Accounting Concepts and Issues Lecture 23 Distinguish between accounting for the employer’s pension plan and accounting for the pension fund. Identify types of pension plans and their characteristics. Explain alternative measures for valuing the pension obligation. List the components of pension expense. Use a worksheet for employer’s pension plan entries. Describe the amortization of prior service costs. Explain the accounting procedure for unexpected gains and losses. Explain the corridor approach to amortizing gains and losses. Describe the requirements for reporting pension plans in financial statements. Learning Objectives Alternative measures of liability Recognition of net funded status Components of pension expense Nature of Pension Plans Accounting for Pensions Using a Pension Worksheet Reporting Pension Plans in Financial Statements Defined contribution plan Defined-benefit plan Role of actuaries 2012 . | Accounting for Pensions and Postretirement Benefits PART II: Corporate Accounting Concepts and Issues Lecture 23 Distinguish between accounting for the employer’s pension plan and accounting for the pension fund. Identify types of pension plans and their characteristics. Explain alternative measures for valuing the pension obligation. List the components of pension expense. Use a worksheet for employer’s pension plan entries. Describe the amortization of prior service costs. Explain the accounting procedure for unexpected gains and losses. Explain the corridor approach to amortizing gains and losses. Describe the requirements for reporting pension plans in financial statements. Learning Objectives Alternative measures of liability Recognition of net funded status Components of pension expense Nature of Pension Plans Accounting for Pensions Using a Pension Worksheet Reporting Pension Plans in Financial Statements Defined contribution plan Defined-benefit plan Role of actuaries 2012 entries and worksheet Amortization of prior service cost 2013 entries and worksheet Gain or loss 2014 entries and worksheet Within the financial statements Within the notes to the financial statements Pension note disclosure 2015 entries and worksheet—a comprehensive example Special issues Accounting for Pensions and Postretirement Benefits An arrangement whereby an employer provides benefits to employees after they retire for services they provided while they were working. Pension Plan Administrator Contributions Employer Retired Employees Benefit Payments Assets & Liabilities LO 1 Distinguish between accounting for the employer’s pension plan and accounting for the pension fund. Nature of Pension Plans Pension plans can be: LO 1 Distinguish between accounting for the employer’s pension plan and accounting for the pension fund. Contributory: employees voluntarily make payments to increase their benefits. Noncontributory: employer bears the entire cost. Qualified pension plans: offer tax

• Kế toán - Kiểm toán
• Financial accounting
• Issues in financial accounting
• Kế toán tài chính
• Financial statements
• Postretirement benefits
• Accounting for pensions
• Accounting standards
• Financial reporting
• Financial Accounting Standards Board
• Fundamental financial accounting
• Lecture Fundamental financial accounting concepts
• Financial statement
• Accounting cycle
• Accounting for accruals
• Lecture Financial accounting
• Accounting system
• Accounting activities
• Financial accounting practice
• Accounting information system
• Accounting terminology
• Reporting financial results
• Evaluating liquidity
• Business firms
• The financial reporting reform
• Accounting information
• Management accounting
• Accounting equation
• Accounting systems
• Decision making
• External financial reporting
• Accounting for business
• Lecture Accounting for business
• Financial accounting reports
• Statement of financial performance
• Accrual accounting systems
• Statement of financial position
• Mastering financial accounting essentials
• Financial accounting essentials
• Accrual accounting
• Income statement
• Accounting conventions
• Internal control
• Accounting for cash
• Accounting for receivables
• Computing uncollectible accounts expense
• Long term debt
• Accounting for long term debt
• Paper F3
• Revision kit 2016
• Accounting Financial
• Accounting Financial Review
• Financial Review accounting exam
• Study text 2016
• Language of business
• Double entry accounting system
• Credit terminology
• Merchandising businesses
• Accounting for merchandising businesses
• Accounting for inventories
• Cash discounts
• The accounting cycle
• International financial reporting standards
• Completing the accounting cycle
• Accounting worksheet
• Classified balance sheet