Pension accounting advanced
Course
Inhouse
Description
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Type
Course
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Level
Advanced
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Methodology
Inhouse
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Class hours
2h
Pensions were extensively written about during the last market downturn but have been quiet for a while. The FASB (US accounting standard setting authority) and the US Congress have been worrying about pension deficits and corporate reporting, which may bring changes in regulations. At the end of this session, you will know what to use and what to ignore in the pension information. Suitable for: Anyone who is interested in pension issues and how they affect reported financials. Anyone who needs to look up pension information in published financial data.
About this course
Sound knowledge of the fundamentals of financial statement analysis
Reviews
Course programme
At the end of this session, you will know what to use and what to ignore in the pension information reported in financial statements.
- Funded and unfunded plans
- Defined contribution and defined benefit plans
- How plan assets are calculated and reported in the footnotes
- How plan obligations are calculated and reported in the footnotes
- How the pension expense in calculated and reported
- How the accounting "deals with" IS volatility
- Dealing with actuarial gains and losses (the notorious "smoothing" rules)
- What that does to the reporting of earnings and "debt"
- Looking up the pensions footnote
- How the numbers need to be adjusted in a valuation or credit context
- US GAAP vs. IFRS reporting
- UG GAAP pension reporting changes in the pipeline
Pension accounting advanced