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Discuss the difference between the accumulated benefit obligation and the projected benefit obligation. What actuarial assumptions are included in each and how is each treated
Discuss the difference between the accumulated benefit obligation and the projected benefit obligation. What actuarial assumptions are included in each and how is each treated in the financial statements? Which amount do you feel is more relevant and why? Also, define and describe the components of net pension cost recognized as an expense by the employer under a defined benefit plan. Why are certain changes in the pension plan or the benefit obligations not all included in pension expense.
Discuss the difference between the accumulated benefit obligation and the projected benefit obligation. What actuarial assumptions are included in each and how is each treated in the financial statements? Which amount do you feel is more relevant and why?
Also, define and describe the components of net pension cost recognized as an expense by the employer under a defined benefit plan. Why are certain changes in the pension plan or the benefit obligations not all included in pension expense.
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