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CFAI Mock Exam PM Q 16
Pension plan info
PBO: 45,200
FV of Plan Assets: 29,522
Unrecognized actuarial losses: 4,250
Unrecognized past service costs: 433
Company uses IFRS
Management decided to change deferring actuarial gains and losses to recognizing them as they arise. After the actuarial revaluation of the pension plan and the change in accounting policy
related to actuarial gains and losses, the net pension liability (in ‘000s) Elbe would
report on its statement of financial position will be closest to:
A. €11,428.
B. €15,245.
C. €15,678.
Answer Key:
B is correct. IFRS does not recognize the deferred portion of past service costs in the
balance sheet liability. The net pension liability reported when actuarial gains and losses
are recognized immediately is calculated as follows:
Present value of defined benefit obligation € 45,200
Less fair value of plan assets (29,522)
Less unrecognized past service costs (433)
Net pension liability € 15,245
Why not subtract the 4,250 unrecognized actuarial losses as well? I know the Schweser notes states that under IFRS, companies have a choise of fully recognizing actuarial gains and losses in the income statement or in OCI. However, the question didn’t point out what the company’s choise is. So it looks like the answer key is based on the assumption that the firm chose to recognize actuarial gains and losses in the income statement? Would appreciate it if someone can clarify…Thanks! |
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发表于 2013-4-22 05:49
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