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FAR STUDY GROUP
 CPAnet Forum : FAR STUDY GROUP
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aimtobeacpa
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Posted: 29 Jul 2010 at 01:33 | IP Logged  

why false

The actuarially determined other postemployment benefit or obligation is disclosed in the Schedule of Funding Progress, which is included in the Notes to the Financial Statements.

True
False



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aimtobeacpa
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Joined: 10 Dec 2009
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Posted: 29 Jul 2010 at 01:34 | IP Logged  

also this

Disclosures about the actuarial methods and significant assumptions used to determine both pension cost and other postemployment benefit costs are presented in the Required Supplementary Information section of the CAFR.

True
False



__________________
BEC-74,82(lost credit),78
FAR-67,80
AUD-75
REG-68,72,79
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ecpa
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Posted: 29 Jul 2010 at 16:43 | IP Logged  

for first problem, sch of funding progress should be included  in Requried supplementary informaton, not notes to FS.
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ecpa
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Posted: 29 Jul 2010 at 16:50 | IP Logged  

for the second one, I am guessing "RSI" section of GASB (34?), not CAFR,jus my guess

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