Windjammer

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US GAAP: Net pension asset or liability (PBO) is report on B/S. Unrecognize past service costs/actuarial gains are reported as component of Other Comprehensive Income (OCI). until amortized to pension cost.
IFRS: Adjusted funded status=
Funded status (like US GAAP)
+/- past service cost
+/- actuarial gains
=Prepaid (Accrued) Pension cost
Unrecognized PSC, Actuarial gains are in footnotes only NOT on B/S.
Please correct me if I am wrong.