Required:

Using the information provided above, complete a pension worksheet under IFRS.

Using the pension worksheet, prepare the required journal entries for the pension plan.

	Pension Obligation	Plan Assets	Pension Expense	Net Defined Benefit Asset/(Liability)	AOCI - Pension
Balance Jan 1, 2021

The following information is available for ACME Incorporated's defined benefit pension plan for the year ended December 31, 2021, assume that the funding valuation is equal to the accounting valuation for plan assets