Under IFRS , the unrealized actuarial gains/losses and the unrealized past service costs are removed from Funded status before presenting on the BS . Giving a much smoother account. Good.( I mean baaaad )
My question is economic pension expense when calculated as change in :
Economic Pension Expense = Employer Contrib - Funded Status
Should use the unsmoothed number ( read US GAAP) or should use the IFRS Smoothed number ? |