25 ACCOUNTING FOR PENSIONS AND POSTRETIREMENT BENEFITS

Perspective and Issues

Pension Plans

Postemployment Benefits other than Pensions

Disclosure Standards

Definitions of Terms

Concepts, Rules, and Examples

Net Periodic Pension Cost

Service costs

Interest cost on projected benefit obligation

Actual return on plan assets

Gain or loss

Amortization of unrecognized prior service cost

Amortization of unrecognized amount at date of initial SFAS 87 application

Summary of Net Periodic Pension Costs

Accounting Requirements of FASB ASC 715-20

Recognition of the Funded Status of a Single-Employer Defined Benefit Postretirement Plan

Measurement Date of Plan Assets and Benefit Obligations

Disclosure Requirements

Other Pension Considerations

Non-US pension arrangements

Business combinations

Plan Settlements and Curtailments

Settlements

Curtailments

Termination benefits

Segment disposal

Disclosures

Postretirement Benefits other than Pensions (OPEB)

Accounting for Postretirement Benefits

Assumptions

FASB ASC 712-10

Deferred compensation contracts

Disclosure Requirements

Full Disclosures

Multiemployer Plans That Provide Pension Benefits

Multiemployer Plans That Provide Postretirement Benefits other than Pensions

Employers with Two or More Plans

Reduced Disclosure Requirements for Nonpublic Entities

Defined contribution plans

Multiemployer plans

PERSPECTIVE AND ISSUES

FASB ASC 715-20 provides guidance for how not-for-profit organizations account for single-employer defined benefit pension and OPEB ...

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