Wiley GAAP 2021, 2nd Edition

42ASC 715 COMPENSATION—RETIREMENT BENEFITS

1. Perspective and Issues
   1. Subtopics
   2. Overview
2. Definitions of Terms
   1. Scope and Scope Exceptions
3. ASC 715‐10, Defined Benefit Plans—Overall
4. ASC 715‐20, Defined Benefits Plans—General
   1. Concepts, Rules, and Examples
      1. Scope
      2. Overview
5. ASC 715‐30, Defined Benefit Plans—Pension
   1. Concepts, Rules, and Examples
      1. Scope
      2. Overview
      3. Pension Fund
      4. Pension Benefit Formula
   2. Benefit Obligations
      1. Example
   3. Assumptions
      1. Discount Rate
      2. Expected Long‐Term Rate of Return
   4. Net Periodic Pension Cost
      1. Smoothing
      2. Components of Net Periodic Pension Cost
      3. Example: PBO—Service Cost
      4. Example: PBO—Service Cost and Interest Cost
      5. Example: PBO—Benefits Paid
      6. Example: Calculation of Actual Return on Plan Assets
      7. Example of the Years‐of‐Service Amortization Method
      8. Example—Amortization of Unrecognized Service Cost
      9. Example—Gain or Loss Exceeds 10% Corridor
      10. Example—Summary of Net Periodic Pension Cost
   5. Exhibit—Reconciliation of Beginning and Ending ABO, PBO, and Plan Assets
   6. Employer’s Liabilities and Assets under ASC 715‐30
   7. Additional ASC 715‐30 Guidance
      1. Cash Balance Plans
      2. Reporting Funded Status When There Is More Than One Plan
      3. Reporting Funded Status and Benefit Plans Transactions and Events in Comprehensive Income
      4. Example
      5. Measurement Date for Year‐End Financial Statements
      6. Measurement Date for Interim Financial Statements
   8. Other Pension Considerations
      1. Annuity and Insurance Contracts
      2. Non‐U.S. Pension Arrangements
   9. Settlements and Curtailments of Plans
      1. Settlements
      2. Example of a ...