Pension obligation
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The study "Improving the pension system of Mongolia" ways to make Mongolia’s pension system more accessible and create a legal framework for the creation of a two- and three-tier pension system based on the example of the world’s leading pension schemes.
13p dathienlang1012 03-05-2024 0 0 Download
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Chapter 20 - Accounting for pensions and postretirement benefits. In this chapter students will be able to: Distinguish between accounting for the employer’s pension plan and accounting for the pension fund, identify types of pension plans and their characteristics, explain alternative measures for valuing the pension obligation.
56p haojiubujain04 27-07-2023 8 4 Download
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Lecture Intermediate accounting - Chapter 17: Pensions and other postretirement benefits. We discuss pension benefits and other postretirement benefits in this chapter. Accounting for pension benefits recognizes that they represent deferred compensation for current service. Accordingly, the cost of these benefits is recognized on an accrual basis during the years that employees earn the benefits.
21p haojiubujain05 27-07-2023 3 2 Download
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After completing this chapter you should be able to: Distinguish between accounting for the employer’s pension plan and accounting for the pension fund, identify types of pension plans and their characteristics, explain alternative measures for valuing the pension obligation, list the components of pension expense... and other contents.
58p koxih_kothogmih6 22-09-2020 17 2 Download
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The contents of this chapter include all of the following: Distinguish between accounting for the employer’s pension plan and accounting for the pension fund, identify types of pension plans and their characteristics, explain alternative measures for valuing the pension obligation, list the components of pension expense,...
49p koxih_kothogmih3 24-08-2020 35 2 Download
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This chapter include objectives: Explain the fundamental differences between a defined contribution pension plan and a defined benefit pension plan; distinguish among the vested benefit obligation, the accumulated benefit obligation, and the projected benefit obligation; describe the five events that might change the balance of the PBO;...
51p thuongdanguyetan20 18-02-2020 18 2 Download
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The well-known Annuity Factor, restricted to constant payments only, can be generalized for time dependent payments. A Generalized Annuity Factor (GAF) broadens the application potential considerably as is shown exemplarily for the valuation of loans and pension obligations.
13p vimadrid2711 18-12-2019 14 0 Download
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After studying this chapter, you should be able to explain and apply basic calculations to determine current service cost, the defined benefit obligation, and past service cost for a one-person defined benefit pension plan.
19p shiwo_ding2 03-04-2019 32 2 Download
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Chapter 20 - Accounting for pensions and postretirement benefits. In this chapter students will be able to: Distinguish between accounting for the employer’s pension plan and accounting for the pension fund, identify types of pension plans and their characteristics, explain alternative measures for valuing the pension obligation.
75p shiwo_ding1 31-03-2019 22 1 Download
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Chapter 20 - Accounting for pensions and postretirement benefits. In this chapter students will be able to: Distinguish between accounting for the employer’s pension plan and accounting for the pension fund, identify types of pension plans and their characteristics, explain alternative measures for valuing the pension obligation.
78p shiwo_ding1 31-03-2019 32 2 Download
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Chapter 20 - Accounting for pensions and postretirement benefits. In this chapter students will be able to: Distinguish between accounting for the employer’s pension plan and accounting for the pension fund, identify types of pension plans and their characteristics, explain alternative measures for valuing the pension obligation,...
60p nomoney12 04-05-2017 38 2 Download
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Chapter 20 - Accounting for pensions and postretirement benefits. After completing this chapter you should be able to: Distinguish between accounting for the employer’s pension plan and accounting for the pension fund, identify types of pension plans and their characteristics, explain alternative measures for valuing the pension obligation, list the components of pension expense...and other contents.
47p hihihaha8 08-04-2017 49 3 Download
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After completing this chapter you should be able to: Distinguish between accounting for the employer’s pension plan and accounting for the pension fund, identify types of pension plans and their characteristics, explain alternative measures for valuing the pension obligation, list the components of pension expense...and other contents.
58p cutyhn 14-04-2017 50 4 Download
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Chapter 13 - Nondepository financial institutions. In this chapter you will learn to understand the broad range and function of nondepository financial institutions, describe the tools of insurance companies, define the types and obligations of pension funds.
10p nomoney9 04-04-2017 52 2 Download
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Chapter 14 - Pensions and postretirement benefits. The goals of this chapter are: The rights and obligations in defined contribution and defined benefit plans, the features of pension plan arrangements, the components of pension expense and their relation to pension assets and pension liabilities, how GAAP smooths the volatility inherent in pension estimates and forecasts,…
41p nhanmotchut_5 02-11-2016 40 3 Download
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Chapter 17 - Pensions and other postretirement benefits. Employee compensation comes in many forms. Salaries and wages, of course, provide direct and current payment for services provided. However, it’s commonplace for compensation also to include benefits payable after retirement. We discuss pension benefits and other postretirement benefits in this chapter.
80p whocare_e 04-10-2016 41 2 Download
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This chapter describe the types of postemployment benefit plans and the implications for financial reports, explain and calculate measures of a defined benefit pension obligation (i.e., present value of the defined benefit obligation and projected benefit obligation) and net pension liability (or asset), describe the components of a company’s defined benefit pension costs,…
31p allbymyself_10 02-03-2016 57 6 Download
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Although the triggering market events occurred over the two years at the beginning of our review period, direct support continued in later years as well. In some of these instances, fund sponsors delayed direct support by putting in place multi-year guarantees.
0p hongphuocidol 04-04-2013 90 12 Download
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In certain countries the Company also provides postretirement benefits other than pensions to various employees. The cost relating to such plans consists of the present value of the benefits attributed on equal basis to each year of service, and interest cost on the accumulated postretirement benefit obligation, which is a discounted amount. The transition obligation is being recognized through charges to earnings over a twenty-year period beginning in 1993 in the US and in 1995 for all other plans.
116p bin_pham 06-02-2013 47 8 Download
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The cost component of the pension benefit corresponding to each year of service is the actuarial present value of the benefit earned in that year. In principle the same amount of pension benefit is attributed to each year of service. If and to the extent that as of the beginning of the year, the present value of the projected benefit obligation differs from the market value of the plan assets or the existing pension provision, the difference is amortized over the average remaining service period of active employees.
116p bin_pham 06-02-2013 52 4 Download