1. What are the difference between a define benefit plan and a defined contribution? When is a superannuation plan unlikely to be a reporting entity?
2. Why are actuarial reports required for defined benefit plans?
4. What is an actuarial report and why should a copy be appended to the financial statement of a defined benefit plan?
5. How are accrued benefits determined for a defined contribution plan?
7. How are accrued benefits disclosed in the statement of financial position prepared by a defined contribution plan?