04-18-12 Class26 Ch 20 Pensions

Disclosureoftheratesusedinmeasuringthebenefitamountsdi

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Unformatted text preview: Financial Reporting Reporting Statements Statements Statements Statements Within the Notes to the Financial Statements 1. Major components of pension expense. 2. Reconciliation showing how the projected benefit obligation and the fair value of the plan assets changed. 3. Amounts recognized in accumulated other comprehensive income that have not yet been recognized in pension expense, showing separately the net gain or loss and prior service costs, and the amounts to be recognized is pension expense in the next year. Chapter 18-49 LO 9 Describe the requirements for reporting pension plans in financial statements. Reporting Pension Plans in Financial Reporting Pension Plans in Financial Reporting Reporting Statements Statements Statements Statements Within the Notes to the Financial Statements 4. Disclosure of the rates used in measuring the benefit amounts (discount rate, expected return on plan assets, rate of compensation). 5. Table indicating the allocation of pension plan assets by category (e.g., types of investments). 6. The expected benefit payments to be paid to current plan participants for each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. Chapter 18-50 LO 9 Describe the requirements for reporting pension plans in financial statements. Differences Between Pe...
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This note was uploaded on 04/02/2013 for the course ACCT 415 at USC.

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