F6

Question 1

What is the formula for ending FV of Plan Assets?

Answer 1

Beg FV
\+Contibutions
\+Actual Return on plan assets
- Benefit Payment
= Ending

Question 2

What are some of the required disclosures of postretirement benefit plans? DREAD

Answer 2

Description
Reconciling Items
Expense & OCI components
Actuarial Assumptions
Discount Rate

Question 3

What is the formula used to calculate the ending PBO?

Answer 3

Beginning PBO
\+ Service Cost
\+ Interest Cost
\+ PSC from current period amendments
\+ Actuarial losses in current period
- Actuarial gains in current period
- Benefits paid
= Ending PBO

Question 4

How are unrecognized gains and losses amortized to pension expense under US GAAP?

Answer 4

Unrecognized G/L

=Excess
/Avg remaining service life

Question 5

How is the Ending Funded Status Calculated?

Answer 5

Beg. Funded status
\+ Contributions
- S 
- I
\+ R (Expected)
- A (PSC in current period due to plan amendment)
- G (+ Gain / - Loss)
= Ending Fund Status