kieso20

# kieso20 - CHAPTER 20 Accounting for Pensions and...

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20-1 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, 9,12, 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. 9, 10, 11, 13, 16, 17 1, 4 1, 2, 3, 6, 11, 13, 14, 15, 16, 17, 20, 21 1, 2, 3, 4, 5, 6, 9 4, 5 4. Balance sheet recognition, computation of pension expense. 15, 20, 22, 23 2 3, 9, 11, 12, 13, 14 1, 2, 3, 4, 5, 6, 7, 8, 9 2, 5, 7 5. Corridor calculation. 18 7 8, 14, 16, 17 2, 3, 5, 6, 7, 8, 9 3, 4, 5, 6 6. Prior service cost. 12, 13, 20 5, 8, 9, 10 1, 2, 3, 5, 9, 11, 12, 13, 14 1, 2, 3, 4, 5, 6, 7, 8, 9 1, 4 7. Gains and losses. 14, 21, 22 7, 9 8, 9, 13, 14, 16, 17 1, 2, 3, 5, 6, 7, 8, 9 4, 5, 6 8. Disclosure issues. 23 10 9, 11, 12 3, 4 9. Special Issues. 25 *10. Postretirement benefits. 26, 27, 28, 29 11, 12 18, 19, 20 10 *This material is dealt with in an Appendix to the chapter.

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20-2 ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE) Learning Objectives Brief Exercises Exercises Problems 1. Distinguish between accounting for the employer’s 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, 11, 12, 13, 15 5. Use a worksheet for employer’s pension plan entries. 3 3, 4, 7, 10, 11, 14 1, 2, 4, 7, 8, 9 6. Describe the amortization of prior service costs. 5 1, 2, 5, 7, 12, 13 1, 2, 3, 4, 6, 7, 8, 9 7. Explain the accounting for unexpected gains and losses. 9 12, 13 1, 2, 3, 4, 5, 6, 7, 8, 9 8. Explain the corridor approach to amortizing gains and losses. 7 8, 12, 13, 16, 17 3, 4, 5, 6, 7, 8 9. Describe the requirements for reporting pension plans in financial statements. 6, 8, 9, 10 9, 10, 11, 12, 13 1, 2, 3, 4, 8 *10. Identify the differences between pensions and postretirement healthcare benefits. 11, 12 18, 19, 20 10 *11. Contrast accounting for pensions to accounting for other postretirement benefits. 11, 12 18, 19, 20 10
20-3 ASSIGNMENT CHARACTERISTICS TABLE Item Description Level of Difficulty Time (minutes) E20-1 Pension expense, journal entries. Simple 5–10 E20-2 Computation of pension expense. Simple 10–15 E20-3 Preparation of pension worksheet. Moderate 15–25 E20-4 Basic pension worksheet. Simple 10–15 E20-5 Application of years-of-service method. Moderate 15–25 E20-6 Computation of actual return. Simple 10–15 E20-7 Basic pension worksheet. Moderate 15–25 E20-8 Application of the corridor approach. Moderate 20–25 E20-9 Disclosures: Pension expense, and other comprehensive income. Moderate 25–35 E20-10 Pension worksheet. Moderate 20–25 E20-11 Pension expense, journal entries, statement presentation. Moderate 20–30 E20-12 Pension expense, journal entries, statement presentation. Moderate 20–30 E20-13 Computation of actual return, gains and losses, corridor test, prior service cost, pension expense.

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