KISV_SM_CH20 pension

# KISV_SM_CH20 pension - 20-1 CHAPTER 20 Accounting for...

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Unformatted text preview: 20-1 CHAPTER 20 Accounting for Pensions and Postretirement Benefits ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems Concepts for Analysis1. Basic definitions and concepts related to pension plans. 1, 2, 3, 4, 5, 6, 7, 8, 9,12, 24 15 1, 2, 3, 4, 5, 7 2. Worksheet preparation. 4 2, 5, 6, 7, 11, 14 1, 2, 3, 5, 6, 7, 8, 9 3. Income statement recognition, computation of pension expense. 9, 10, 11, 13, 16, 17 2, 3 1, 2, 3, 4, 5, 9, 10, 13, 14, 15, 16 2, 4, 6, 7, 8, 9, 10, 11, 12 4, 5 4. Balance sheet recognition, computation of pension expense. 15, 20, 22, 23 1 5, 8, 9, 10, 13, 18 1, 2, 4, 5, 6, 7, 8, 9 10, 11, 12 2, 5, 7 5. Corridor calculation. 18 6 10, 14, 15, 16, 17 1, 2, 5, 7, 8, 9, 10, 11, 12 3, 4, 5, 6 6. Prior service cost. 12, 13, 20 5, 8, 9, 10 3, 4, 5, 8, 9, 10, 12, 13, 18 1, 2, 4, 5, 6, 7, 8, 9, 10, 11, 12 1, 4 7. Gains and losses. 14, 21, 22 6, 10 9, 10, 15, 16, 17, 18 1, 2, 5, 6, 7, 8, 9, 10, 11, 12 4, 5, 6 8. Disclosure issues. 23 8 8, 13, 18 8, 9 3, 4 9. Special Issues. 25 *10. Postretirement benefits. 26, 27, 28, 29 11, 12 19, 20, 21, 22, 23, 24 13, 14 *This material is dealt with in an Appendix to the chapter. 20-2 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, 3 1, 2, 3, 4, 8, 9, 13 5. Use a worksheet for employers pension plan entries. 4 5, 6, 7, 10, 11, 13, 14 1, 2, 3, 4, 5, 6, 7, 8, 9 6. Describe the amortization of prior service costs. 5 3, 4, 8, 9, 11, 12 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11 7. Explain the accounting for unexpected gains and losses. 10 8, 9 1, 2, 3, 4, 5,6, 7, 8, 9, 10, 11, 12 8. Explain the corridor approach to amortizing gains and losses. 6 8, 9, 14, 15 16, 17 1, 4, 5, 8, 9, 10, 11, 12 9. Describe the requirements for reporting pension plans in financial statements. 7, 8, 9, 10 8, 9,13, 18 4, 5, 6, 7, 9, 10, 11 *10. Identify the differences between pensions and postretirement healthcare benefits. 11, 12 19, 20, 21, 22, 23, 24 13, 14 *11. Contrast accounting for pensions to accounting for other postretirement benefits. 11, 12 19, 20, 21, 22, 23, 24 13, 14 20-3 ASSIGNMENT CHARACTERISTICS TABLE Item Description Level of Difficulty Time (minutes)E20-1 Computation of actual return. Simple 1015 E20-2 Pension expense, journal entries. Moderate 1520 E20-3 Pension expense, journal entries. Simple 510 E20-4 Computation of pension expense. Simple 1015 E20-5 Preparation of pension worksheet. Moderate 1525 E20-6 Basic pension worksheet. Simple 1015 E20-7 Pension worksheet. Moderate 2025 E20-8 Pension expense, journal entries, statement presentation. Moderate 2030 E20-9 Computation of actual return, gains and losses, corridor test, and...
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## This note was uploaded on 04/18/2010 for the course FINANCE 9671048 taught by Professor Kuo during the Spring '10 term at Nashville State Community College.

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KISV_SM_CH20 pension - 20-1 CHAPTER 20 Accounting for...

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