Are actuarial assumptions the same for defined benefit plans

Assignment Help Accounting Basics
Reference no: EM131002559

All publicly traded domestic companies use EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system, to make the majority of their filings with the SEC. You can access EDGAR on the Internet at www.sec.gov.

Required:

1. Search for a company with which you are familiar and which you believe is likely to have a pension plan. (Older, established firms are good candidates.) Access the company's most recent 10-K filing. Search or scroll to find the financial statements and related notes.

2. From the disclosure notes, determine the type of pension plan(s) the company has.

3. For any defined contribution plans, determine the contributions the company made to the plans on behalf of employees during the most recent three years.

4. For any defined benefit plans, what interest (discount) rate was used in estimating the PBO? Access the FASB's Codification Research System at the FASB website (www.fasb.org). Determine the specific citation for accounting for the requirement to disclose the discount rate used to estimate the PBO.

5. Repeat steps 2 through 4 for a second firm. Compare and contrast the types of pension plans offered. Are actuarial assumptions the same for defined benefit plans?

Reference no: EM131002559

Questions Cloud

Passing a law prohibiting prices above a legal limit : The United States experienced two oil shocks during the 1970s in the aftermath of the Middle East tensions. Congress said no to high oil prices by passing a law prohibiting prices above a legal limit. Supporters of such price controls said this was a..
How much time does it take for the ball to fall : You hold a small metal ball of mass m a height h above the floor. You let go, and the ball falls to the floor. Choose the origin of the coordinate system to be on the floor where the ball hits, with y up as usual. Express all results in terms of m..
Concerns led to the quick failure of first system created : In 1776 13 colonies of Great Britain declared their independence from said country. Colonies had to determine how to make decisions for them. There were two overarching concerns when creating this new decision making system. What were they? one of th..
Examine and discuss the historical events : Select one of the systems addressed in this week's reading. Examine and discuss the historical events that have resulted in profound changes and/or influences to that system
Are actuarial assumptions the same for defined benefit plans : Repeat steps 2 through 4 for a second firm. Compare and contrast the types of pension plans offered. Are actuarial assumptions the same for defined benefit plans?
Differential newspapers charge national vs local advertisers : Discuss how the role of newspapers as an advertising medium would differ for national versus local advertisers. Do you feel that the rate differential newspapers charge national versus local advertisers is justified?
What is maslows method : What is maslows method? How did Ralphlauren create three levels of feelings in his ads?What is a technique in mountain dewmocracy?
Describe the various forms of direct response advertising : Describe the various forms of direct response advertising. Discuss some of the reasons for the success of direct response advertising.
What is your predominant style of leadership : What is your predominant style (delegative, directive, participative) of leadership? Are there clear benefits from using this style? Are there negative side effects

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much gain or loss resulted from the sale

A person owned 400 shares of XYZ common stock which cost $20,000. XYZ then had a 2-for-1 stock split. After the split, the person sold 100 shares for $10,000. How much gain (or loss) resulted from the sale?

  The holder allows the option to expire

Prepare the necessary entry if the holder exercises this option - the holder allows the option to expire.

  Prepare journal entries to correct these errors ignore

kris inc discovered the followingerrors after the 2008 financial statements were issueda. a major supplier shipped

  In recent years there has been more of a shift towards more

in recent years there has been more of a shift towards more branding and advertising as opposed to focusing on product

  An addition to the bank balance

An addition to the bank balance

  Write a short story about the company based on the

below find a working trial balance for smith company.smith company31-dec-12trial balance accounts in alphabetical

  On january 2 2009 the deadra band acquires sound equipment

on january 2 2009 the deadra band acquires sound equipment for concert performances at a cost of 32500. the band

  What should the company establish as the sales price per

what should the company establish as the sales price per unit if it sets a target of earning an operating income of

  Maintenance costs for a small bridge with expected 50-year

maintenance costs for a small bridge with expected 50-year life are estimated to be 1000 each year for the first 5

  A company owns a building with a net asset value of 120000

a company owns a building with a net asset value of 120000 at december 31 2011. the building had a five-year remaining

  Received land rental income

Prepared the December 31 entry to close Interest Expense.

  Norman co borrowed 15000 from local bank on april 1 2012

norman co. borrowed 15000 from the local bank on april 1 2012 when the company was started. the note had an 8 percent

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd