correct!

no, I didn't see any JEs being done directly to PBO in Becker... Only T-accounts for comparing PBO against FV.... May be that's done in pension plan accounting separately, not sure !

Basically, from the CPA exam point of view, you need to know

1. funded status of the plan,reconciliation of beginning and ending year funded status

2.calculation of pension liability/benefit,

3.calculation of NPPC/pension expense,

4. recognization of prior service costs, transition assets/liabilities, gain/loss through OCI and their amortization through NPPC.

My pleasure, wannabe :-) we all are here to help out each other. When I joined this forum in Feb, I regretted that why didn't I join it earlier.... There were so many queries which I may have given less time and effort into if I would have posted them here before Feb....

Anyways,Better late than never !

Good Luck.... keep working on MCQs.... You would clear the beast this time :)

you're so kind divy! I''m sure you do very well on FAR ;)

I know what you mean. This forum is a great support for all of us fighting the cpa exam.