Pension Accounting and Reporting with Other Comprehensive Income and Deferred Taxes: A Worksheet Approach

Research output: Contribution to journalArticlepeer-review

9 Downloads (Pure)

Abstract

This instructional tool presents pension accounting using a worksheet approach where debits equal credits for both the employer and for the plan. Transactions associated with the initiation of the plan through the end of the second year of the plan are presented, including their impact on accumulated other comprehensive income and deferred taxes. This article is intended as a supplemental teaching tool that demonstrates the impact of a plans funded status on the employers financial statements in a way that, based upon anecdotal evidence, accounting students and practitioners have found extremely beneficial beyond traditional accounting textbooks.

Original languageAmerican English
JournalAmerican Journal of Business Education
Volume5
DOIs
StatePublished - Oct 30 2012

Disciplines

  • Accounting
  • Business

Keywords

  • Pension reporting
  • Other comprehensive income
  • Deferred income taxes
  • FASB ASC No. 220
  • FASB ASC No. 715

Fingerprint

Dive into the research topics of 'Pension Accounting and Reporting with Other Comprehensive Income and Deferred Taxes: A Worksheet Approach'. Together they form a unique fingerprint.

Cite this