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CanadianCPA
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Joined: 19 May 2010
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Posts: 554

Posted: 30 Sep 2010 at 07:48 \| IP Logged

I had part of a simulation on pensions...

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Andycibc
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Joined: 01 Mar 2010
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Posted: 30 Sep 2010 at 11:02 \| IP Logged

Interpol CPA wrote:

AccountingNerd8 wrote:

What are the main things we need to know about pensions? I am so confused. I am trying to memorize the adjustments to pension expense and the required disclosures, but do we really need to know the journal entries? Do we need to calculate stuff? ugh....

Focus on the components of pension cost. Definitely also be able to tell the funded status, I mean that's really pretty easy. Knowing these two should be good enough I think.

I second that. I had one or two question on pensions...and guessed it. I would just stick to know the basics...like Interpol said, funded staus, freebies like components of the costs. You have a loose understanding of it and you'll be fine.

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AccountingNerd8
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Joined: 13 Jan 2009
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Posted: 01 Oct 2010 at 07:11 \| IP Logged

Thanks everyone. I watched the Yaeger lecture on pensions and understand it a little better now. I just hope I don't get a simulation on it!

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