Document Type

Article

Publication Date

11-2012

Publication Title

American Journal of Business Education

DOI

10.19030/ajbe.v5i6.7400

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.

Comments

CC-BY 3.0 US. Article obtained from the American Journal of Business Education.

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