Wiley GAAP 2014: Interpretation and Application of Generally Accepted Accounting Principles

40   ASC 715 COMPENSATION—RETIREMENT BENEFITS

Perspective and Issues

Subtopics

Scope and Scope Exceptions

Overview

Definitions of Terms

Concepts, Rules, and Examples

Net Periodic Pension Cost

Example

Example

Service costs

Example

Interest on PBO

Example

Benefits paid

Example

Actual return on plan assets

Example

Gain or loss

Example

Amortization of unrecognized prior service cost

Example of the years-of-service amortization method

Example

Amortization of unrecognized amount at date of initial ASC 715-30 application

Example

Summary of net periodic pension cost

Reconciliation of Beginning and Ending ABO, PBO, and Plan Assets

Plan assets

Employer's Liabilities and Assets under ASC 715-30

Additional ASC 715-30 Guidance

Reporting Funded Status: Requirements under ASC 715

Display of funded status

Reporting when there are multiple plans

Reporting of benefit plan transactions and events in comprehensive income

Example

Reporting loans to participants by defined contribution pension plans

Measurement date for year-end financial statements

Measurement date for interim financial statements

ASC 715 transition considerations

Disclosure Requirements

Example – Method One

Example – Method Two

Interim Financial Reporting Requirements

Reporting and Disclosure by Not-for-Profit Entities

Other Pension Considerations

Annuity and insurance contracts

Defined contribution plans

Multiemployer pension plans

Non-US pension arrangements

Business combinations

Settlements and Curtailments of Plans

Settlements ...