FASB / ASC 715: An Overview of Accounting for (Small) Defined Benefit Pension Plans

American Society of Enrolled Actuaries [ASEA]

Speaker:  Justin F.J. Greindl, FSA, EA, MSEA, Actuary, Fidus Actuarial Solutions

IRS Program Number:   CZTXU-Q-01349-21-O

Description:  During this introductory session, we’ll cover the basics of FAS/ASC pension accounting in the small DB plan arena. We’ll discuss when, where, why and how it applies, including the main components of expense and disclosure. We’ll  also cover the actuary’s role  in assumption setting and analyze basic calculations that go into annual and special event accounting.

Learning Objectives

1. Determine when, where and why pension accounting is required.
2. Analyze basic components of expense and disclosure.
3. Establish the actuary’s role in accounting process.
4. Calculate sample metrics – annual and special event.

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