BAR — Quick Sheet
Employee Benefit Plan Accounting
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- Funded status = Plan assets FV − PBO, recognized on the balance sheet
- Net periodic pension cost = SIRAGE: Service, Interest, Return (expected, reduces), Amortization of prior service cost, Gains/losses, Existing transition amount
- PBO uses projected salaries; ABO uses current salaries; PBO ≥ ABO ≥ VBO
- Corridor: amortize gains/losses exceeding 10% of greater of PBO or plan assets
- Prior service cost from amendments → OCI first, amortized to expense over service periods