Deck #14 (F7) Flashcards
1
Q
how do you calculate the PBO?
A
BASE
Beginning projected benefit obligation + Additions (service cost, interest cost) - subtractions (benefits paid) = EndingPBO
2
Q
what is SIRAGE?
A
the easiest way to remember elements of GAAP net periodic pension cost
Service Cost (current) Interest Cost Return on plan assets Amortization of prior service cost Gains Existing Net obligation amortization = Net periodic pension cost
3
Q
JE to fund a contribution plan
A
DR: Pension benefit asset/liability
CR: Cash
