Financial Reporting - Pensions

Positive Net Pension Obligations (NPO) occurs when:

Employers fail to fully fund annual required contributions (ARC)
How must positive net pension obligations be reported in government wide financial statement:

As a long term liability
Negative Net Pension Obligations occurs when:

annual required contributions are overfunded
How must negative net pension obligations be reported in government wide financial statements:

As a asset
Debt issued to fund annual required contributions reduces

Net pension obligations

Author

playboy35

134675

Card Set

Financial Reporting - Pensions

Description

Financial Reporting - Pensions

Updated

2012-02-12T19:32:52Z

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