Discuss about the components of the net pension cost

Assignment Help Accounting Basics

Reference no: EM132212250

Question: Under both U.A.A P and IFRS we report all changes in the obligation in the value of plan assets as they occur. The ways the changes are determined and reported are different, though, for some of the changes. The changes that constitute the components of the net pension cost are reported separately as

(a) the service cost,

(b) the net interest cost/income, and

Under IFRS, past service cost is combined with current service cost and reported as service cost within the income statement rather than as a component of other comprehensive income as it is under U.S. GAAP. Under IFRS, gains and losses are nor recycled from other comprehensive income as is required under U.S. GAAP (when the accumulated net gain or net loss exceeds the 10% threshold). Also, the interest cost and return on plan assets are replaced by net interest cost/income (interest rate times the difference between the DBO and plan assets).

Reference no: EM132212250

Questions Cloud

Write pseudocode and translate it to c-program : Write pseudocode and translate it to C-program for the following problem. Ask users to input a series of integers. The input will end with the number 0.

What is the cash flow from assets : What is the cash flow from assets for 2018? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.)

Describe your company investments and intangible assets : Briefly describe your company's investments and intangible assets. Does your company list "Other Assets?" If so, what items are classified in this category?

Calculate the return on total investment : Stale-Mart is an established chain of more than 100 department stores. Joan Chris is the district manager of eight stores in the Denver area.

Discuss about the components of the net pension cost : Under both U.A.A P and IFRS we report all changes in the obligation in the value of plan assets as they occur. The ways the changes are determined and reported.

Calculate valuation using the terminal valuation method : Calculate valuation using the terminal valuation method. How to calculate? Calculate valuation using the anticipated ROI method, both before the money.

Prepare a contribution format income statement : Assume that the company produces and sells 95,000 units during the year at a selling price of $9.45 per unit. Prepare a contribution format income statement.

Calculate the mean and standard deviation for each state : The table below lists the new motor vehicles sales between January 2016 and December 2016. Calculate the mean and standard deviation for each state

Post the april transactions to the t-accounts : Post the April transactions to the T-accounts and compute the balance in the accounts at the end of April.(Round your answers to 2 decimal places.)

User Account

All Pages