ppls

ssr123456 Wrote:

>
> I'm not sure about what book you're referring to
> regarding page 200.

Take a guess which book I am referring to. CFAI FRA Book 2. pg #200.

Also no one is contesting smoothing etc. Question is, if at present your employer has a liability of 50k showing on his B/S. if your employer promises you 60K today, his liability has gone up by 10k. so his B/S should show 50K+10K = 60k. Not 50K-10K (unrecognized costs) = 40k.