Chapter 16 & 17

Service Cost

Interest

Changes in the PBO included currently

Changes in the PBO delayed recognition

Losses or (gains) on the PBO

Prior service cost

Changes in plan assets included currently

Changes in plan assets delayed recognition in Income

Return on the plan assets

Losses or gains on the plan assets

Cash contributions

Pension expense

Corridor rule

Nature of pension plans (image)

The fundamental components of a defined benefit pension plan are: (3)

Defined benefit pension plan characteristics

Defined contribution pension plan characteristics

Three different was to measure pension obligation:

Steps to calculate PBO

PBO can change due to:

Plan assets can change due to:

A trustee is usually hired who:

Overfunded

Underfunded

Valuation allowance

Operating loss carryback