Prepare report to management on various type of pension plan

Assignment Help Accounting Basics
Reference no: EM131488007

INTERMEDIATE ACCOUNTING 3 DISCUSSION QUESTION

· Imagine you are an accounting manager and are in the process of implementing a pension plan for your organization. Prepare a brief report to management on the various types of pension plans. In your report, compare and contrast a contributory pension plan and a noncontributory pension plan, and discuss the theoretical justification for the accrual recognition of pension cost. Include one recommendation to management on which type of pension plan would be most beneficial to the company.

· Discuss the type of information that must be included in notes to financial statements, and explain why the information is relevant to financial statement users. Imagine you are an employee of a company and want to know if the pension plan will provide you with the necessary benefits upon retirement. Determine the type of information you would look for in the notes on the pension funds, and ascertain the way in which the information will provide assurance that the company will properly fund your pension.

Reference no: EM131488007

Questions Cloud

Describe the prosecutors role and prosecutors discretion : Describe the prosecutor's role, prosecutor's discretion, and the issues surrounding prosecutorial misconduct.
Set of possible actions and strategies : 1. What kind of game is this? Express this game in normal form. 2. What are the set of possible actions and strategies?
What is the current share price : If the required return is 14 percent and the company just paid a dividend of $2.85, what is the current share price?
What annual rate of return must kirk earn on his investment : (Solving for r) Kirk Van Houten, who has been married for 23 years, would like to buy his wife an expensive diamond ring with a platinum setting.
Prepare report to management on various type of pension plan : Prepare a brief report to management on the various types of pension plans. Determine the type of information you would look for in the notes on pension funds.
Ethical professional practice as an ethical framework : Molly McDale is the controller for Roberts Manufacturing. Using the IMA Statement of Ethical Professional Practice as an ethical framework,
How long will it take jack to win jill hand in marriage : (Solving for n) Jack asked Jill to marry him, and she has accepted under one condition: Jack must buy her a new $330,000 Rolls-Royce Phantom.
Should leasing company accept alians offer : (Present value) A construction company called Alians Group is considering buying new machinery for one of its projects. Leasing Company, which deals in heavy.
Analyze tax consequences if company decides not to rebuild : Analyze the tax consequences if the company decides not to rebuild. Identify tax consequences if the company distributes the $2 million to its two shareholders.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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