Discuss the impact of changes required in pension reporting

Assignment Help Accounting Basics
Reference no: EM132449944

Question -

1. A recent article noted that while "smoothing" is not necessarily an accounting virtue, pension accounting has long been recognized as an exception--an area of accounting in which at least some dampening of market swings is appropriate. This is because pension funds are managed so that their performance is insulated from the extremes of short-term market swings. A pension expense that reflects the volatility of market swings might, for that reason, convey information of little relevance. Are these statements true?

2. Understanding the impact of the changes required in pension reporting requires detailed information about its pension plan(s) and an analysis of the relationship of many factors, particularly the:

(a) Type of plan(s) and any significant amendments.

(b) Plan participants.

(c) Funding status.

(d) Actuarial funding method and assumptions currently used.

What impact does each of these items have on financial statement presentation?

Reference no: EM132449944

Questions Cloud

How many shares of Beck common stock were outstanding : Beck purchased 75,000 shares of its common stock and held it in Treasury. At December 31, year 3, how many shares of Beck's common stock were outstanding
Discuss ford-firestone ethics case study : Were there any ethical violations committed from either Ford or Firestone? Please support your claim with evidence from the article and other references.
What is the corridor method and what is its purpose : You also need to decide whether to amortize gains and losses using the corridor method, What is the corridor method and what is its purpose
Discuss the strengths and weaknesses of ccfs aimes project : Organizational architecture framework, discuss the strengths and weaknesses of CCF's AIMES project.Explain the concept in details
Discuss the impact of changes required in pension reporting : Understanding the impact of the changes required in pension reporting requires detailed information about its pension plan(s)
Scope of practice of all healthcare professionals : Protection of patient data has become a critical part of the scope of practice of all healthcare professionals.
Discuss issued related to pensions : An article indicated that when new GAAP rules were issued related to pensions, it caused an increase in the liability for pensions
Reflect issuance of bonds on its government-wide statement : Prepare the entry that the district would make to reflect the first payment of interest on its government-wide statements. Indicate the value at which the bonds
Different types of organisational structures : How is project management influenced by different types of organisational structures?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Atlantic airlines operated both an airline and several

atlantic airlines operated both an airline and several motels located near airports. during the year just ended all

  Problem regarding the professional conduct rules

Which AICPA Code(s) of Professional Conduct rules apply in this situation (explain how and why they apply)? Cite the specific verse(s) for at least one Biblical principle that you feel is relevant to the situation (explain how and why it applies).

  Discuss the graduate economics courses

Determine the activity cost of instruction per student in both the introductory and the graduate economics courses

  What effects on the equity accounts will the distribution

What effects on the equity accounts will the distribution of the stock dividend have

  How much revenue should livesey company report

The costs cannot be reliably estimated. How much revenue should Livesey Company report in the first year under iGAAP?

  Indicate the financial statement presentation

Indicate the financial statement presentation of the investment accounts on December 31--be sure to indicate whether the accounts are presented on the income.

  Direct labor made up 8000 of the 40000 ending work in

the pacific manufacturing company operates a job order costing system and applies overhead cost to the jobs on the

  Visit any retail establishment of your choice

Visit any retail establishment of your choice in order to assess how the organization has implemented the generic marketing strategy and the segmentation strategies.

  Identify and discuss the five components of pension expense

Pension accounting would be substantially easier if the components of pension expense were simply the five items, discuss five components of pension expense

  If year 1 equals 1400 year 2 equals 1554 and year 3 equals

if year 1 equals 1400 year 2 equals 1554 and year 3 equals 1750 the index number to be assigned for year 3 in trend

  In january 2007 the average price of an asset was 27558 5

in january 2007 the average price of an asset was 27558. 5 years earlier the average price was 21408. what was the

  How evaluation of the company financial health changed

Based on your additional analysis of the company, how has your evaluation of the company's financial health changed since your analysis

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd