Guest VTran Posted March 9, 2011 Posted March 9, 2011 I am working on a disclosure for fas158 for a SERP as of 12.31.2010. A new participant will come in the Plan as of January 1st (the day after). Do we need to recognize that in the 12.31.2010 disclosure or do we have a choice?
david rigby Posted March 9, 2011 Posted March 9, 2011 Probably not. Think of it as a snapshot of assets and liabilities at 12/31. But......, sometimes such changes can be significant, and its the auditor's decision whether to include. Ask. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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