外文翻譯---設(shè)定收益制養(yǎng)老金會(huì)計(jì)新準(zhǔn)則-會(huì)計(jì)審計(jì)(完整版)
【正文】 pension liability of $882 million, SFAS 158 would require AMR to significantly increase its reported pension liability to $3,225 million. An Illustration of the Transition to SFAS 158 The following example uses the actual 2020 data from Exhibit 1 to illustrate how each of these panies would record the transition to the new rules. Because SFAS 158 is generally first effective for fiscal years ending after December 15, 2020, the actual numbers these panies record upon transition to SFAS 158 will differ from those in this example. For simplicity, the illustration ignores tax effects. Exhibit 1 shows that each of the three panies reports additional minimum liabilities and related intangible assets on its balance sheet. These items are eliminated under SFAS 158. In addition, pension assets and liabilities and accumulated other prehensive ine are adjusted 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
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