Reference no: EM132610328

Choose a topic you found to be difficult or hard to understand. Research this topic and present your findings. Include a summary of the topic, why you found the topic to be difficult, and what you learned after conducting the research.

Topic: 7- Topic Subject below

Pensions and Other Post-Retirement Benefits -

600 words and reference.

In Week 7, we continue our discussion of the balance sheet with more in depth analysis of reporting issues surrounding pensions and we will also discuss accounting for equity.

Topics of discussion are: post- retirement benefits, pension accounting issues, defined benefit plans.

Defined Benefit Plans vs Defined Contribution Plans

Defined benefit plans are pension plans that have rules that explain what a retiree will receive from the plan. For example, a retirement plan pays 2% of the average of the highest income earned in any three years of the last 10 years before the employee retires multiplied by the number of years of service.

Attachment:- Assignment Instruction.rar