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Basic Question 9 of 17
Which of the following information should be disclosed in the notes to the financial statements?
II. a reconciliation showing how the projected benefit obligation and the fair value of the plan assets changed during the period.
III. the funded status of the plan and the amounts recognized in the financial statements.
I. the major components of pension expense.
II. a reconciliation showing how the projected benefit obligation and the fair value of the plan assets changed during the period.
III. the funded status of the plan and the amounts recognized in the financial statements.
User Contributed Comments 3
| User | Comment |
|---|---|
| joywind | For III, Isn't the funded status supposed to be found in financial statement instead of the notes? |
| bidisha | the status is shown in the balance sheet but the details of it are to be discussed in the footnotes...refer to the last question |
| UcheSam | The footnote shows the plan assets and plan obligation that make up the fund status. |
You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu
Learning Outcome Statements
explain and calculate how adjusting for items of pension and other post-employment benefits that are reported in the notes to the financial statements affects financial statements and ratios;
interpret pension plan note disclosures including cash flow related information;
CFA® 2025 Level II Curriculum, Volume 2, Module 11.