What is pension accounting?

Answer by  CR125 (396)

Pension accounting is the annual pension cost factor of a pension plan's assets and liabilities in a corporation's financial statement. This is governed by the FASB with the GAAP principles in the U. S.

Answer by  worker2592 (117)

Pension accounting is accounting for workers pensions. Most bigger corporations have this computerized with accountants overseeing such activities. This is the process to place retained earnings into an account for employees pensions after they retire.

Answer by  Siri (81)

Pension Accounting is the annual pension expense calculation and disclosure of a pension plans assets and liabilities in a company's financial statement