Wiley GAAP 2024

42ASC 715 COMPENSATION—RETIREMENT BENEFITS

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