week 5 - Research V - Pensions and F/S Disclosures; Ch 14...

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LEANING TEAM ASSIGNMENT LT _______________ Grading Total assignment points: 15 A B C = B / A D E = C * D # Points # Correct % Tot Pts Assignment Tot Awd Q1 6 0% 3 0.00 Q2 4 0% 3 0.00 Q3 4 0% 3 0.00 Q4 12 0% 3 0.00 Q5 2 0% 3 0.00 15 0.0 QUESTION 1 Case 14-1 Pension Benefits Pension accounting has become more closely associated with the method of determining pension benefits. 1. Discuss the following methods of determining pension benefits: a. 1 PT Defined contribution plan 60 WORDS b. 2 PT Defined benefit plan 120 WORDS 2. Discuss the following actuarial funding methods: a. 1 PT Cost approach 60 WORDS b. 2 PT Benefit approach 140 WORDS
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QUESTION 2 Case 14-4 Accounting for Other Postretirement Benefits Postretirement benefits other than pensions (OPEBs) are similar to defined benefit pension plans in some respects and different in others. a. 2 pts Discuss the characteristics of OPEBs that make them different from defined benefit pension plans. Case 14-4a 200 WORDS b. 2 pts Discuss how the accounting for OPEBs differs from the accounting for defined benefit pension plans. Case 14-4b 300 WORDS
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QUESTION 3 Case 16-3 Segmental Reporting: Required Information A central issue in reporting on industry segments of a business enterprise is the determination of which segments are reportable. a. 2 PTS What is a reportable segment? 250 WORDS A reportable segment is defined as “an industry segment for which information is required to be reported by this segment” (Schroeder, Clark, Cathey, 2011). A reportable segment is an operating segment of an entity where financial reporting is required. An operating segment is defined three characteristics: 1) It engages in business activities from
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This note was uploaded on 12/15/2011 for the course ACC ACC taught by Professor Mari during the Fall '10 term at University of Phoenix.

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week 5 - Research V - Pensions and F/S Disclosures; Ch 14...

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