A business may provide its employees with various benefit plans after they have retired, of which the most common is the pension plan. The accounting for these benefits can appear arcane, especially when a defined benefit plan is involved. In Accounting for Retirement Benefits, we describe the key elements of both defined benefit and defined contribution plans, and how to account for them. The course also identifies the complete range of disclosures associated with pension plans, which can be quite extensive. In short, Accounting for Retirement Benefits provides the accountant with a solid understanding of the fundamental issues associated with retirement benefits.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Recognize the components of net periodic pension cost.
Describe the calculation of the return on plan assets.
Recognize the criteria used to calculate interest on the projected benefit obligation.
Specify the accounting for defined contribution retirement plans.
Recognize the different types of retirement-related disclosures required for public and private companies.
Major Topics
Overview of Retirement Benefits
Defined Benefit Plans
Defined Contribution Plans
Retirement Benefit Disclosures
