Compensation

Question 1

what is necessary for accrual of employee future compensation absence?

Answer 1

1. rights to compensation vest or accumulate
2. payment of compensation is probable
3. amount of compensation can be reasonably estimated
4. compensation is attributable to employee services already rendered

Question 2

what is the formula for overfunded or underfunded pension plan?

Answer 2

difference of projected benefit obligation and of plan assets