外文翻譯---設(shè)定收益制養(yǎng)老金會計(jì)新準(zhǔn)則-會計(jì)審計(jì)-全文預(yù)覽
【正文】 usted so that their ending balances conform to the amounts required under SFAS 158. The necessary journal entries to acplish the transition, using 2020 data, are presented in Exhibit 2. Exhibit 3 shows the balancesheet reporting for each pany after posting the entries in Exhibit 2, and exposes several important points. First, each pany reports its funded status as either a pension asset or liability. Second, the balance in accumulated other prehensive ine equals the amount of previously unrecognized items. In this example, and likely for many panies with defined benefit plans, the amount of this contrashareholders’ equity will increase under SFAS 158, even potentially generating negative shareholders’ equity. The transition to SFAS 158 might impose costs on leveraged firms due to the increased likelihood of tightening restrictive debt covenants. Finally, the balancesheet presentation, and each pany’s funded status, should be easier to understand after SFAS 158 is implemented. Subsequent Application of SFAS 158 SFAS 158 does not impact the amount of periodic pension cost reported on the ine statement, but it does impact the reporting of prehensive ine. For example, assume that after implementing SFAS 158 Lockheed Martin were to report the financial results in Exhibit 4. Again, these amounts are for illustrative purposes only. Exhibit 5 shows the required journal entries. The first entry records the service cost, interest cost, and expected return on plan assets ponents of periodic pension cost. The second entry reclassifies the amortization items from accumulated other prehensive ine to periodic pension cost, and the third entry adjusts the pension liability and accumulated other prehensive ine for the difference in actual pension returns above expectations du
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