How does an “asset gain or loss” develop in pension accounting? How does a “liability gain or loss” develop in pension accounting?

Q: In the world of pension accounting, how does a "asset gain or loss" develop? In the world of pension…

A: The answer

Q: How important is the actuaries role is in pension accounting?

A: Pension accounting is a critical area of financial reporting for pension plans. The role of the…

Q: What is the role of an actuary relative to pension plans?What are actuarial assumptions?

A: An actuarial valuation is a kind of evaluation and appraisal of the assets and liabilities of…

Q: Which are the components that are included in the pension expense?

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

Q: Were you correct that the pension liability is not reported in the balance sheet? What is the…

A: Pension refers to the accumulated amount of money that is added during the employment period of an…

Q: ification fo

A: Employees working with an entity for a specific number of years are eligible for retirement…

Q: 1 a. Briefly describe how are pension gains and losses recognized.    b.  Explain what are pension…

A: Pension gain and losses arise due to change in the underlying assumptions which affect the total…

Q: How should gains or losses related to pension plan assets be recognized? How does this treatment…

A:

Q: Do post-retirement benefits have a comparable accounting process to pension benefits?

A: The answer:…

Q: Accounting theory and standards faced with many problems in measurement, recognition's and disclose…

A: Accounting Standards:- These are the principles set for the framing of the financial reports of a…

Q: In computing the interest component of pension expense, what interest rates may be used?

A: Pension expense: Pension expense is an expense to the employer paid as compensation after the…

Q: What factors determine whether a pension plan is adequately capitalized or excessively capitalized?

A: A pension plan functions as a savings system for the retirement. If individual is employed, both…

Q: What interest rates may be used to calculate the pension expense's interest component?

A: The Answer for interest rates may be used to calculate the pension expense's interest component:

Q: What factors go into determining if a pension plan is adequately funded or not?

A: This question is about what factors go into determining if a pension plan is adequately funded or…

Q: What is meant by “past service cost”? When is past service cost recognized as pension expense?

A: Prior Service Cost- When an employee is granted a pension revision, the amount of benefit earned…

Q: What is an actuary? What is the actuary’s role in pension administration

A: Actuaries are highly experienced specialists who handle issues such as determining premium pricing…

Q: Explain what are pension gains and losses and why they are not recognised in net income the period…

A: Income statement: The financial statement which reports revenues and expenses from business…

Q: How do U.S. GAAP and IFRS differ with regard to reporting gains and losses from changing assumptions…

A: Definition: Pension plan: It refers to a plan that is formulated to provide earnings to the…

Q: How is the pension expense influenced by changes in the pension liability and plan assets?

A: Pension Expense: These are the costs that are associated with the pension plans and these expenses…

Q: How does accounting for postretirement benefits similar in most respects to accounting for pension…

A: Pension plan: This is the plan devised by corporations to pay the employees an income after their…

Q: What are the changes that affect the pension expense?

A: The net periodic pension costs includes: 1. Current service cost 2. Past service cost 3. Interest…

Q: a "asset gain or loss" in the context of pension accounting? What is the development of a "liability…

A: Plan assets: Assets are created, maintained and planned in a specific purpose. The contribution of…

Q: What is meant by “prior service cost”? When is prior servicecost recognized as pension expense?

A: Prior service cost: The change in the amount of projected benefit due to changes in the act or rules…

Q: What method should be used to account for profits or losses associated with pension plan assets?…

A: The Answer

Q: Explain Valuation of Pension Obligations.

A: Pension obligations: Pension obligations of an employer under a defined benefit plan are to be found…

Q: What exactly does "previous service cost" mean? When is past service cost recognized as a pension…

A: This question about  describes "Previous service cost" might indicate several different things. When…