ch20 - CHAPTER 20 Accounting for Pensions and...

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Unformatted text preview: CHAPTER 20 Accounting for Pensions and Postretirement Benefits ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems Concepts for Analysis 1. Basic definitions and concepts related to pension plans. 1, 2, 3, 4, 5, 6, 7, 8, 9, 13, 14, 24 16 1, 2, 3, 4, 5, 7 2. Worksheet preparation. 3 3, 4, 7, 10, 15 1, 2, 7, 8, 9 3. Income statement recognition, computation of pension expense. 10, 11, 12, 14, 17, 18 1, 4 1, 2, 3, 6, 12, 13, 14, 15, 16, 17, 20, 21 1, 2, 3, 4, 5, 6, 9 4, 5 4. Balance sheet recognition, computation of pension expense. 16, 20, 21, 22, 23 2 3, 9, 11, 13, 14, 15, 17, 18, 19 1, 2, 3, 4, 5, 6, 7, 8, 9 2, 5, 7 5. Minimum liability computation. 20, 22 8, 9, 10 11, 12, 13, 14, 16, 17, 18, 19 3, 4, 5, 6, 7, 8 2, 4, 5 6. Corridor calculation. 19 7 8, 14, 20, 21 2, 3, 5, 6, 7, 8, 9 3, 4, 5, 6 7. Reconciliation schedule. 25 6 3, 9, 10, 14, 15, 19 1, 2, 3, 6, 8, 9 8. Prior service cost. 13, 14, 21, 23 5, 8, 9, 10 1, 2, 3, 5, 9, 11, 12, 13, 14, 15, 18, 19, 21 1, 2, 3, 4, 5, 6, 7, 8, 9 1, 4 9. Unrecognized net gain or loss. 15 7 8, 9, 14, 15, 19, 20, 21 1, 2, 3, 5, 6, 7, 8, 9 4, 5, 6 10. Disclosure issues. 25 9, 12, 13 3, 4 * 11. Special Issues. 26 *12. Postretirement benefits. 27, 28, 29, 30 11, 12 22, 23, 24, 25 10 *This material is dealt with in an Appendix to the chapter. 20-1 ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE) Learning Objectives Brief Exercises Exercises Problems 1. Distinguish between accounting for the employers pension plan and accounting for the pension fund. 2. Identify types of pension plans and their characteristics. 3. Explain alternative measures for valuing the pension obligation. 4. List the components of pension expense. 1, 2, 4 1, 2, 6, 12, 13, 14, 16, 17 5. Use a worksheet for employers pension plan entries. 3 3, 4, 7, 10, 12, 15 1, 2, 4, 7, 8, 9 6. Describe the amortization of unrecognized prior service costs. 5 1, 2, 5, 7, 13, 14, 17, 19 1, 2, 3, 4, 6, 7, 8, 9 7. Explain the accounting procedure for recognizing unexpected gains and losses. 13, 14, 19 1, 2, 3, 4, 5, 6, 7, 8, 9 8. Explain the corridor approach to amortizing unrecognized gains and losses. 7 8, 13, 14, 19, 20, 21 3, 4, 5, 6, 7, 8 9. Explain the recognition of a minimum liability. 8, 9, 10 11, 12, 13, 14, 16, 17, 18, 19 3, 4, 5, 7, 8, 9 10. Describe the requirements for reporting pension plans in financial statements. 6 9, 10, 12, 13, 14, 17, 18, 19 1, 2, 3, 4, 8 *11. Identify the differences between pensions and postretirement healthcare benefits. 11, 12 22, 23, 24, 25 10 *12. Contrast accounting for pensions to accounting for other postretirement benefits. 11, 12 22, 23, 24, 25 10 20-2 ASSIGNMENT CHARACTERISTICS TABLE Item Description Level of Difficulty Time (minutes) E20-1 Pension expense, journal entries. Simple 510 E20-2 Computation of pension expense. Simple 1015 E20-3 Preparation of pension worksheet with reconciliation. Moderate 1525 E20-4 Basic pension worksheet. Simple 1015 E20-5...
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This note was uploaded on 11/28/2009 for the course ACCOUNTING 275 taught by Professor Doucet during the Spring '08 term at California State University , Monterey Bay.

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ch20 - CHAPTER 20 Accounting for Pensions and...

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