标题: FSA: pension expense under IFRS and GAAP [打印本页] 作者: Sunshine4ever 时间: 2011-7-13 13:20 标题: FSA: pension expense under IFRS and GAAP
are they the same? or IFRS also put un-amortized amount in it? Thanks.作者: profil 时间: 2011-7-13 13:20
I think the difference in reporting pension expense is the following:
IFRS - the vested part of past service costs is amortised
the unvested part: amortisation is spread over the average period until the benefits become vested
U.S.GAAP - past service cost is reported under comprehensive income and amortised over the average service life of the affected employees作者: kkn006 时间: 2011-7-13 13:20
Yes, the formula is the same except under U.S.GAAP the 'Amortisation of transition (asset)/liability is to be added in exceptional cases, however I would rather omit this. And of course the actuarial assumptions can cause differences in the DB pension expense.
On p.209 of the FRA curriculum there is a useful summary table on this topic.
