Chapter 21: Accounting for Pensions and Postretirement Benefits
After studying this chapter you should be able to:
Distinguish between accounting for the employer’s pension plan and accounting for the pension fund.
Identify types of pension plans and their characteristics.
Explain alternative measures for valuing the pension obligation.
Identify the components of pension expense.
Utilize a work sheet for employer’s pension plan entries.
Describe the amortization of unrecognized prior service costs.