标题: Schweser FSA - Self Test p.170 [打印本页] 作者: svgleeson 时间: 2011-7-11 19:51 标题: Schweser FSA - Self Test p.170
Why is the adjustment to Op. Income = reported pension expense - current service cost???作者: senlinlang 时间: 2011-7-11 19:51
current service cost is the only expense directly related to an employee's 1 year of serice in current period.
The remaining costs are projections and contributions that are not "operating" items such as interest and provisions for expected return / contributions etc. So we remove the reported pension expense completely and add back the curren service cost hence the adjustment作者: SFoyil 时间: 2011-7-11 19:51
