Financial Reporting - Pensions

The flashcards below were created by user playboy35 on FreezingBlue Flashcards.

  1. Positive Net Pension Obligations (NPO) occurs when:
    Employers fail to fully fund annual required contributions (ARC)
  2. How must positive net pension obligations be reported in government wide financial statement:
    As a long term liability
  3. Negative Net Pension Obligations occurs when:
    annual required contributions are overfunded
  4. How must negative net pension obligations be reported in government wide financial statements:
    As a asset
  5. Debt issued to fund annual required contributions reduces
    Net pension obligations
Author:
playboy35
ID:
134675
Card Set:
Financial Reporting - Pensions
Updated:
2012-02-12 19:32:52
Tags:
CGFO Budget Financial Reporting Pensions
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Description:
Financial Reporting - Pensions
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