Pension disclosure rollforward requires a named plan, population, date, and evidence owner. The disclosure rollforward projects controlled obligation, asset, cost, OCI, AOCI, assumption, expected cash-flow, and special-event schedules into the annual note.
Apply it
A note reporting $3.85 million underfunding should let a reader trace the $20 million PBO, $16.15 million assets, $1.4 million cost, $650,000 OCI loss, and their movements.
Common mistake
Do not assume that a pension note may plug its ending balances to the general ledger. The note must reconcile obligation, plan assets, funded status, cost, OCI/AOCI, cash flows, assumptions, and events to controlled sources. That error would publish internally inconsistent obligation, asset, cost, cash, and funded-status amounts.
Keep the boundary clear
A legacy checklist can contain removed requirements or miss current ones. Match the checklist to entity type, period, adopted amendments, and current Codification.
Authority
Read ASC 715-20-50-1 for annual pension disclosure requirements.
Put the concept to work
Apply this concept
- Explain and apply pension disclosure rollforward within a reconciled employer benefit-plan workpaper using supplied authoritative and actuarial facts.
Learning resources
Choose a lesson, try an application, or inspect the sources behind this concept.
Build on these ideas
- Employer pension workpaper — Apply
To apply this concept: Required. This prior concept supplies the terms, date, or measurement needed here.