Accounting And Reporting By Defined Benefit Pension Plans
- Topics:
- Accounting software
- Tags:
- Accounting,
- Financial Statements,
- Financial Statement,
- Financial Planning,
- Financial Accounting Foundation,
- Financial Accounting,
- Financial,
- Finance,
- Defined Benefit Pension Plan,
- Plan Year
- Source:
- Financial Accounting Foundation
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Overview: This report establishes standards of financial accounting and reporting for the annual financial statements of a defined benefit pension plan (plan). It applies both to plans in the private sector and to plans of state and local governmental units. It does not require the preparation, distribution, or attestation of financial statements for any plan. This report suggests that the financial statements should include information regarding (a) the net assets available for benefits as of the end of the plan year, (b) the changes in net assets during the plan year, (c) the actuarial present value of accumulated plan benefits as of either the beginning or end of the plan year, and (d) the effects, if significant, of certain factors affecting the year-to-year change in the actuarial present value of accumulated plan benefits.
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Format: HTML | Date: Jan 2003 | Pages: 1
