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标题: Reading 24: Employee Compensation: Post-Employment and Share- [打印本页]

作者: 土豆妮 时间: 2011-3-9 15:32 标题: [2011]Session 6-Reading 24: Employee Compensation: Post-Employment and Share-

Session 6: Financial Reporting and Analysis: Intercorporate Investments, Post-Employment and Share-Based Compensation, and Multinational Operations
Reading 24: Employee Compensation: Post-Employment and Share-Based

LOS a: Discuss the types of post-employment benefit plans and the implications for financial reports.

The financial statements of Pace Industries issued over the past five years show a progressively increasing net difference between the value of its pension fund and the projected future pension liability on the balance sheet. Pace most likely offers which of the following types of pension plans to its employees?

A)
A defined benefit plan.

B)
A 401(k) plan.

C)
A defined contribution plan.

A company with a defined benefit plan will fund a portfolio structured to fulfill future pension obligations. The difference between the current value of the assets and the projected future liability is shown as a net amount on the balance sheet.

作者: 土豆妮 时间: 2011-3-9 15:32

When considering the major differences between a defined contribution and a defined benefit pension plan, which of the following statements is most accurate?

A)
Accounting for a defined contribution pension plan is the most complicated because of the many investment options available to the employees.

B)
Among the different types of pension plans, accounting for a pay-related defined benefit plan is the most complicated because of the required actuarial assumptions.

C)
A company with a defined contribution plan will report on its balance sheet the net difference between the value of the pension fund assets and the value of the pension liability.

Three actuarial assumptions (discount rate, expected increase in employee compensation and the expected return on plan assets) must be estimated to project the value of the corporation’s pension liability today. Subtle changes to any of the three assumptions can drastically change the estimated liability.

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