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 FSA: pension expense under IFRS and GAAP 
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Joined: 26 Feb 2013
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are they the same? or IFRS also put un-amortized amount in it? Thanks.


14 Mar 2013
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Joined: 26 Feb 2013
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I think the difference in reporting pension expense is the following:
IFRS - the vested part of past service costs is amortised
the unvested part: amortisation is spread over the average period until the benefits become vested
U.S.GAAP - past service cost is reported under comprehensive income and amortised over the average service life of the affected employees


14 Mar 2013
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Joined: 26 Feb 2013
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so formula vise:
they have the same formula:
service cost+interest cost-expected plan asset return + amortized past service+amortized net loss(gain)? Thanks.
mihau10 Wrote:
——————————————————-
I think the difference in reporting pension
expense is the following:

IFRS - the vested part of past service costs is
amortised
the unvested part: amortisation is
spread over the average period until the benefits
become vested

U.S.GAAP - past service cost is reported under
comprehensive income and amortised over the
average service life of the affected employees


14 Mar 2013
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Joined: 26 Feb 2013
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Yes, the formula is the same except under U.S.GAAP the ‘Amortisation of transition (asset)/liability is to be added in exceptional cases, however I would rather omit this. And of course the actuarial assumptions can cause differences in the DB pension expense.
On p.209 of the FRA curriculum there is a useful summary table on this topic.


14 Mar 2013
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Joined: 07 Jul 2017
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sandyfeilong wrote:
I think the difference in reporting pension expense is the following:
IFRS- the vested part of past service costs is amortised
the unvested part: amortisation is spread over the average period until the benefits become vested
U.S.GAAP - past service cost is reported under comprehensive income and amortised over the average service life of the affected employees

It's truly a great and useful piece of information. I am happy that you simply shared this useful info with us. Please stay us informed like this. Thank you for sharing.


07 Jul 2017
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