FAR 6 Q 1 B

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Joens1313
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224225
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FAR 6 Q 1 B
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2013-06-18 01:08:18
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FAR 6 Q 1 B
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  1. Under US GAAP amortization of --------------------------------------- is calculated by assigning an equal amount of the cost to the future periods of service of each employee at the date of amendment to the plan.
    unrecognized prior service cost
  2. Under US GAAP amortization of unrecognized prior service cost is calculated by assigning an ----------------------------- to the future periods of service of each employee at the date of amendment to the plan.
    equal amount of the cost
  3. Under US GAAP amortization of unrecognized prior service cost is calculated by assigning an equal amount of the cost to the future periods of service of each employee at the --------------------------- to the plan.
    date of amendment
  4. Service cost represents the increase in the projected benefit obligation resulting from emploees services rendered during the year
    Service cost
  5. ------------------- represents the increase in the projected benefit obligation resulting from emploees services rendered during the year
    service cost
  6. Service cost represents the ----------------- in the projected benefit obligation resulting from emploees services rendered during the year
    increase
  7. Service cost represents the increase in the ------------------------------------resulting from emploees services rendered during the year
    projected benefit obligation
  8. Under US GAAP what is the present value of all future retirement payemnts attributed by the pension benefit formula to employee services rendered prior to that date and based on past and current compensation levels only?
    Accumulated benefit obligation
  9. what is Accumulated benefit obligation
    Under US GAAP what is the present value of all future retirement payemnts attributed by the pension benefit formula to employee services rendered prior to that date and based on past and current compensation levels only
  10. Under US GAAP the -------------------------------------- is the present value of future retirement payments attributed to the pension benefit formula to employee services rendered prior to a date based on current and past compensation levels.
    accumumated benefit obligation
  11. When using the SIR AGE to work out the net periodic pension cost.  What does SIR AGE stand for
    • S - Service Cost
    • I - Interest cost
    • R - Expected return on plan assets
    • A- Amortization of prior service cost
    • G - Amortization of Gains or losses
    • E  - Amortization of transition asset
  12. Beginning -------------------------------  x  Discount rate  =  Interest cost
    Projected Benefit Obligation
  13. Beginning Projected Benefit Obligation  x  ------------------------  =  Interest cost
    Discount Rate
  14. Beginning Projected Benefit Obligation  x  Discount rate  =  ----------------------
    Interest cost
  15. Beginning -------------------  x  expected rate =  expected return on plan assets
    fair value
  16. Beginning fair value  x  --------------------- =  expected return on plan assets
    expected rate
  17. Beginning fair value  x  expected rate =  -------------------------------
    expected return on plan assets
  18. -------------------------------------  x  expected rate of return = expected raturn on plan assets
    beginning fair value of plan assets
  19. Beginning fair value of plan assets  x  ----------------------------- = expected raturn on plan assets
    expected rate of return
  20. Beginning fair value of plan assets  x  expected rate of return = --------------------------------
    expected return on plan assets
  21. Under US GAAP unrecognized pension gain or losses are amortized over the average remaining period if at the beginning of the year the gain or loss exceeds ----- of the greater of the beginning of the year PBO or the beginning of the year market related value of plan assets.
    10%
  22. Under US GAAP unrecognized pension gain or losses are ----------------- over the average remaining period if at the beginning of the year the gain or loss exceeds 10% of the greater of the beginning of the year PBO or the beginning of the year market related value of plan assets.
    amortized
  23. Under US GAAP unrecognized pension --------------------------- are amortized over the average remaining period if at the beginning of the year the gain or loss exceeds 10% of the greater of the beginning of the year PBO or the beginning of the year market related value of plan assets.
    gain or loss
  24. Under US GAAP unrecognized pension gain or losses are amortized over the average remaining period if at the beginning of the year the gain or loss exceeds 10% of the greater of the beginning of the year --------- or the beginning of the year ------------------ of plan assets.
    PBO, market related value
  25. Under US GAAP unrecognized --------------------------, unrecognized transaction obligations and unrecognized net gains or losses must be reported in accumulated other comprehensive income, net of tax, until recognized as a component of net periodic pension cost through amortization.
    prior service cost
  26. Under US GAAP unrecognized prior service cost, unrecognized ------------------------ and unrecognized net gains or losses must be reported in accumulated other comprehensive income, net of tax, until recognized as a component of net periodic pension cost through amortization.
    transaction obligations
  27. Under US GAAP unrecognized prior service cost, unrecognized transaction obligations and unrecognized ------------------------ must be reported in accumulated other comprehensive income, net of tax, until recognized as a component of net periodic pension cost through amortization.
    net gains or losses
  28. Under US GAAP unrecognized prior service cost, unrecognized transaction obligations and unrecognized net gains or losses must be reported in accumulated other comprehensive income, net of tax, until recognized as a component of net periodic pension cost through ---------------------.
    amortization
  29. What is the service cost
    it is the present value of all pension benefits earned by employees in the current year.
  30. it is the present value of all pension benefits earned by employees in the current year?
    service cost
  31. Under US GAAP the prior service cost is booked to --------------------------------- and then amortized to the income statement by assigning an equal amount to each future period of service of each employee who is active at the date of the amendment.
    other comprehensive income
  32. Under US GAAP the prior service cost is booked to other comprehensive income and then amortized to the ----------------- by assigning an equal amount to each future period of service of each employee who is active at the date of the amendment.
    income statement
  33. Under US GAAP the ------------------------ is booked to other comprehensive income and then amortized to the income statement by assigning an equal amount to each future period of service of each employee who is active at the date of the amendment.
    prior service cost
  34. Under US GAAP the prior service cost is booked to other comprehensive income and then amortized to the income statement by assigning an ------------------- to each future period of service of each employee who is active at the date of the amendment.
    equal amount

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