Essay about bus 254

Submitted By yzwko
Words: 2069
Pages: 9
Open Document
Teaching notes to Accompany Intermediate Accounting, Tenth Canadian Edition, by Kieso et al

CHAPTER 19 PENSIONS AND OTHER EMPLOYEE FUTURE BENEFITS

This topic covers a variety of employee future benefits that are “earned by active employees and expected to be provided to them when they are no longer in active service” and that are usually covered by the benefit policies of an organization (CICA Handbook, Part II Section 3461 and adjusted IAS 19). The emphasis will be placed on the complex accounting issues related to defined benefit plans with benefits that vest or accumulate as the employee provides services.

PENSION PLANS Pension plan is an arrangement by which an employer provides benefits (payments) to employees after they retire.

Benefit to retired

employees

Employees

Provides Service Receives rights to during pension benefits

employment during retirement

Makes contributions

Pension Plan Company

Recognizes expense

(and perhaps asset or

liability)

Financial Statements Financial Statements

Prepares financial Accounts for pension

statements based on according to IAS 19 or part IV of CPAHB

ASPE Fund assets=

Investments +

earnings Pension plans are either contributory or non-­‐contributory. In a contributory pension plan, contributions are made partly by the employer and partly by the employee. In a non-­‐contributory pension plan, contributions are paid in entirely by the employer.

Bus 321-­‐ Spring 2014, Dr. Jamal Nazari, SFU

19-­‐1

Chapter 19

Teaching notes to Accompany Intermediate Accounting, Tenth Canadian Edition, by Kieso et al

Types of Pension Plans

Defined contribution plans: In a defined contribution plan, the employer agrees to contribute a certain sum each period based on a formula. The formula might consider such factors as age, length of service, employer's profits, and compensation level. Because the contributions are defined, the accounting for this type of plan is quite straightforward and the pension expense is simply equal to the contributions made. Example 1-­‐ Defined contribution plans Assume that the annual contribution to the pension plan is set to be 10% of an employee’s salary at SFU. If an employee earned $120,000 during the
Show More

Related Documents: Essay about bus 254

A Brief Note On Clear Mower Limited

they preferred channels are: 5.8.11 TV 5.8.12 Radio 5.8.13 Internet 5.8 Costs 5.9.14 The average fees of putting advertisement on TV are 10,000 dollars around 18.00 p.m. to 21.00 p.m. 5.9.15 Bus back advertisement for rental fee is 5,500 per month. 5.9.16 Flyers sent by employee, the fee of labour is about 20 dollars per hour. 5.9.17 Radio advertisement rate is 500 dollars per 30 seconds. 4. 5. 6. 7.…

Words 1084 - Pages 5

Summary Of ACS Population

ACS Population Summary Humboldt County, CA Humboldt County, CA (06023) Geography: County Sample Report 2008 - 2012 ACS Estimate Percent MOE(±) Reliability TOTALS Total Population 134,317 0 Total Households 53,307 732 Total Housing Units 61,452 199 POPULATION AGE 15+ YEARS BY MARITAL STATUS Total 112,157 100.0% 43 Never married 41,810 37.3% 927 Married 50,042 44.6% 1,067 Widowed 6,462 5.8% 455 Divorced 13,843 12.3% 809 130,184 100.0% 282 36,531 28.1% 857 1…

Words 1850 - Pages 8

Tae V. Nc Pepsi Case

emotional distress. III. Standard of Review on Summary Judgment Summary judgment is appropriate when there exists no genuine issue of material fact and the moving party is entitled to judgment as a matter of law. FED. R. CIV. P. 56(c); Zahodnick v. Int'l Bus. Machs. Corp., 135 F.3d 911, 913 (4th Cir. 1997). The party seeking summary judgment bears the burden of initially coming forward and demonstrating the absence of a genuine issue of material fact. Celotex Corp. v.…

Words 2383 - Pages 10

AUS THEATRE NOTES Essay

AUS THEATRE NOTES Norm and Ahmed – Alex Buzo Context: New wave of Australian Theatre Identity More spontaneous/freer New theatrical perspectives/experiment Simple modes of performance Late sixties Form realism/heightened realism, one act play Philosophy: Juxtaposition – “Never underestimate the power of difference” Universal issues – xenophobia, racial stereotype/discrimination “Id be disappointed if people didn’t think the play had something to say about racism and generational envy…” – Alex Buzo…

Words 1723 - Pages 7

Test 2 Networking Essay

T-carrier depends on its ____ level. A) traffic B) channel C) signal D) hierarchy Table for Individual Question Feedback Points Earned: 1.0/1.0 Correct Answer(s): C 16. Because the octets equal to 0 and 255 are ____, only the numbers 1 through 254 can be used for host information in an IPv4 address. A) reserved B) out-of-range C) open for general use D) unobtainable Table for Individual Question Feedback Points Earned: 1.0/1.0 Correct Answer(s): A 17. On most modern WANs, a ring topology…

Words 3079 - Pages 13

Influencing Factors for the Selection of Mobile Phone Service Providers Essay

African Journal of Business Management Vol.4 (13), pp. 2885-2898, 4 October, 2010 Available online at http://www.academicjournals.org/AJBM ISSN 1993-8233 ©2010 Academic Journals Full Length Research Paper Exploring influencing factors for the selection of mobile phone service providers: A structural equational modeling (SEM) approach on Malaysian consumers Sabbir Rahman1, Ahasanul Haque1* and Mohd Ismail Sayyed Ahmad2 1 Faculty of Economics and Management Sciences, International Islamic…

Words 9751 - Pages 40

Fcuk: Islam and National Geographic Essays

Budget Deal 1.4K Dead Marine's Parents Shocked After Son's Body Returned Without Heart 166 Federal Prison Crisis Poses 'Critical Threat' To Justice Department, Report Finds 343 Go to Politics MORE IN POLITICS Pollster Politics Blog Off The Bus Election Maps Polls and Charts YOU MIGHT ALSO LIKE World Green Black Voices Latino Voices Gay Voices ENTERTAINMENT Beyonce Shocks Fans With MASSIVE Surprise 131 Kanye Thinks Kim's Music Career Could Be Bigger Than Beyonce's? 89 Actor Christopher…

Words 2222 - Pages 9

Wk8 Final Exam Jun2013 Essay

Grading Summary These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Date Taken: 6/2/2013 Time Spent: 1 h , 16 min , 28 secs Points Received: 115 / 150 (76.7%) Question Type: # Of Questions: # Correct: Multiple Choice 5 4 Essay 4 N/A Grade Details - All Questions 1. Question : (TCO A) Cloud computing Student Answer: is the same as e-commerce. reduces the size of IT organizations…

Words 7173 - Pages 29

San Jose, California and San Francisco Essay

309 211 313 215 AM 4:30 4:35 4:40 4:44 4:49 4:53 4:57 5:01 5:04 5:09 5:13 5:16 5:19 5:22 5:25 5:28 5:33 5:37 5:41 5:47 5:52 6:01 4:58 5:05 5:10 5:15 5:19 5:24 5:28 5:32 5:36 5:39 5:44 5:48 5:51 5:54 5:57 6:00 6:03 6:08 6:12 6:16 6:22 6:27 6:36 5:45 5:57 6:05 6:16 6:24 6:42 5:50 5:57 6:02 6:12 6:18 6:23 6:27 6:31 6:36 6:39 6:45 6:51 6:59 7:05 7:19 5:56 6:03 6:13 6:23 6:30 6:39 6:45 7:02 6:20 6:25 6:32…

Words 1919 - Pages 8

Essay about Skywest Airlines

SkyWest Inc. Regional Airline Industry in United States is one of the most competitive out of three major airline industries. Those categories include network carriers such as Delta Airlines or American Airlines, low-cost carriers like JetBlue or Southwest and regional carriers which include SkyWest Airlines and ExpressJet. The US airline industry has its turbulences since 9/11 attack and recession in 2009 which lowered demand for its services. Seasonal fluctuations could further destabilize the…

Words 4722 - Pages 19