Accounting for Pensions
Employers' Accounting for Pension Costs--FAS No. 87
Amended (not replaced) by FAS No. 158
Illustration of Pension Accounting--FAS 87
(attempt this problem before looking at the solution!
[Beltron solution]
prior service cost defined
Illustration of prior service cost amortization
pension gains and losses defined
Illustration of gain/loss amortization
service cost and interest cost defined
Determination of PBO balance
Determination of actual return on plan assets
Employers' Accounting for Pension Costs--FAS No. 158
FAS No. 158: major changes in pension accounting
Discussion of Pension Accounting
still under construction
!
Benson Corp. Basic Illustration of Pension Accounting--FAS 158
Cain Corp. Pension Accounting (2 year comprehensive illustration)
= omit these sections fall 06 and forward
review questions
return to topical outline
return to contemporary accounting issues
still
under construction !