According to PAS 26, a hybrid plan is accounted for as a. defined benefit plan b. defined contribution plan c. a or b d. party a and partly

Q: what is the major difference and the major similarity between the vested benefit obligation and the…

A: Explain the similarities and the differences between Projected Benefit Obligation and Accumulated…

Q: Explain how the obligation for postretirement benefits is measured and how the obligation changes.

A: The answer for this question is given generally as each organisations can following their own…

Q: true or false The net defined benefit liability/asset that is presented in the balance sheet is the…

A: True. Net defined benefit liability /asset is the difference between Present Value of Defined…

Q: Information produced using fair value as the measurement base is considered:   I. More neutral.…

A: Answer:- Fair value method meaning:- When a buyer and a seller voluntarily agree on a price for an…

Q: Compensation income may be in the form of monetary or in-kind benefit. a.true b.false

A:

Q: Benefits paid to members of a defined benefit p employment fund are based onil. investment returns…

A: An employee's retirement benefits under a defined benefit pension plan are determined by a formula…

Q: increases the Employee Benefit Expense?

A: Employee benefit expense means Benefits/Compensation provided to the employee other than by way of…

Q: The long-term asset account group is used for which of the following funds? Enterprise Capital…

A: Introduction: Long-term assets are investments in a firm that will benefit it for a long time.…

Q: Which type of plan is used to manage an event that has reoccurrence? a. Rules b. Single Use Plan c.…

A: There are various types of plans which are prepared by business organization so that decisions can…

Q: Name three events that might change the balance of the plan assets.

A: Plan assets: Plan assets refers to the assets which are used to satisfy the postretirement…

Q: Understand the interrelationships among the elements that constitute a definedbenefit pension plan

A: Defined benefit pension plans are the retirement designs that include providing a fixed and…

Q: How is the Accumulated Benefit Obligation (ABO) different from the Projected Benefit Obligation…

A: Accumulated Benefit Obligation and Projected Benefit Obligation both are terms used in the pension…

Q: . Expenditures are used for which type of fund? A. Fiduciary B. Governmental C. Proprietary D.…

A: Answer :- Correct option is D. All of the above

Q: Book of Life has a current return on investment of 10% and the company has established an 8% minimum…

A: Residual value = Annual controllable margin - Operating assets x minimum rate of return

Q: hich of the following phrases describes employer contributions within a profit sharing plan?…

A: Profit sharing plan is plan in which the company shares portion of profit with employees and it…

Q: An increase in OCI related to plan assets occurs when:   Select one: a. The accumulated benefit…

A: The information given is a question related to Plan Assets and Deferred Obligation Accounting.

Q: Which of the following statements regarding asset ceilings for overfunded and underfunded pension…

A: A firm retirement plan with more assets than obligations is known as an overfunded pension plan…

Q: Differentiate between the accumulated benefit obligation and the projected benefit obligation.

A: ABO (Accumulated benefit obligation) and PBO (Projected benefit obligation) are similar in most of…

Q: The two main types of pension plans are defined benefit plans and defined contribution plans.…

A: Pension plan: Pension plan is an agreement between the employer and employee. After the retirement…

Q: What is the difference in program revenues and general revenues? Why is that distinction important?

A: Program revenues refer to the revenues that are attributable directly to a specific functional…

Q: When a defined benefit pension fund has assets whose value is below the present value of its…

A: When a defined benefit pension fund has assets whose value is below the present value of its…

Q: look over the three most important components of the pension expense. The treatment of expected and…

A: Introduction  Companies account pension expense on accrual basis, accounting for pension plan…

Q: Distinguish among the vested benefit obligation, the accumulated benefit obligation, and the…

A: Vested benefit obligation (VBO) VBO is obtained as the present value of the benefit obligation which…

Q: Net interest cost is a component of pension expense under IFRS. How is net interest cost calcul…

A: Net Interest cost is calculated by taking the difference between interest expense on defined benefit…

Q: Which type of retirement plans are subject to contribution limits? Select one: a. Only defined…

A: Defined contribution plans refers to the plan under which both the employee and employer contribute…

Q: For a defined benefit pension plan, pension expense consists of five components, for which the…

A: Defined Benefit Pension Plan: As opposed to directly relying on individual investment performance, a…

Q: Plan forfeitures under a defined benefit plan may be allocated to rem manner or go towards reducing…

A: A defined benefit plan refers to the plan which is based around the employer who pays a defined sum…

Q: Discuss the primary differences between U.S. GAAP and IFRS with respect to accounting for…

A: Under IFRS, defined benefit plan assets are valued at fair value. Under U.S. GAAP, defined benefit…

Q: What are the four basic components of pension expense? Select one: A. Service cost, benefits paid,…

A: Answer -  To calculate a pension expense of a particular Employee working under him, the employer…

Q: Transfer payments include i. social security benefits ii. medicare and medicaid benefits iii.…

A: Transfer payment is the payment by the government for which nothing has not been received in return.…

Q: hange in the benefit plan assets?   a.contributions from the employer. b.actual/expected return on…

A: Employees with defined benefit plans receive a fixed, predetermined benefit when they retire. The…

Q: In a defined contribution plan, a separate account is no maintained for each participant. O True O…

A: In defined contribution, an employee contributes a certain amount and the employer matches some…

Q: Distinguish betwenn program service expenses and supporting service expenses.

A: Expenditures related to the public services offered by the NFP are referred to as program service…

Q: Using examples, how could the residual income method be operationalized to address potential policy…

A: The residual income method is a financial modeling technique used to determine the net operating…

Q: Describe the major difference and the major similarity between the vested benefit obligation and the…

A: Differences:   The actual present value obligation of the pension that is payable to the employee is…

Q: Retirement programs, unemployment benefits, financial aid and other expenses that involve transfers…

A: Transfer of money refers to the movement of money from one individual or entity to another, without…

Q: S1: Under a defined contribution plan, the amount of a participant’s future benefits is determined…

A: As per IAS 26 Accounting and Reporting by Retirement Benefit Plan the two given statements are of…

Q: In determining the present value of the prospective benefits (often referred to as the defined…

A: Defined benefit obligation means a defined plan of contribution from employer to employees'…

Q: If your school has a subscription to the FASB Codification, log in and prepare responses to the…

A: Accumulated Benefit Obligation: It is an inexact rate of a company's pension plan liability towards…

Q: In defined benefit plans no separate investment accounts exist for each participant but rather they…

A: A defined benefit plan is a type of retirement plan, the objective of this plan is to provide a…

Q: What is the amount of the plan assets available to pay benefits? What are the factors that can cause…

A:

Q: Which of the following items on the statement of net assets available for benefits would indicate a…

A: nondiscrimination testing is one of the tests of IRS testing  in order to ensure that company not…