Scribd Logo
Upload

Welcome to Scribd!

  • Pension Worksheet

    Uploaded by

    JohnBBad4u
    510 views1 page
    This pension worksheet document outlines the key items and accounts involved in accounting for pension expenses, assets, and liabilities. It shows the income statement, balance sheet, and memorandum accounts impacted by pension activity each year, including service costs, interest costs, returns on plan assets, contributions, benefits paid, and amortization of prior service costs and gains/losses. The document provides a template for tracking the annual changes and resulting journal entries for employer pension accounting.

    Original Description:

    Accounting

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This pension worksheet document outlines the key items and accounts involved in accounting for pension expenses, assets, and liabilities. It shows the income statement, balance sheet, and memorandum accounts impacted by pension activity each year, including service costs, interest costs, returns on plan assets, contributions, benefits paid, and amortization of prior service costs and gains/losses. The document provides a template for tracking the annual changes and resulting journal entries for employer pension accounting.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    510 views1 page

    Pension Worksheet

    Uploaded by

    JohnBBad4u
    This pension worksheet document outlines the key items and accounts involved in accounting for pension expenses, assets, and liabilities. It shows the income statement, balance sheet, and memorandum accounts impacted by pension activity each year, including service costs, interest costs, returns on plan assets, contributions, benefits paid, and amortization of prior service costs and gains/losses. The document provides a template for tracking the annual changes and resulting journal entries for employer pension accounting.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 1

    ACC 306

    Pension Worksheet
    1 2 3 4 5 6 7
    Income Statement Balance Sheet Balance Sheet
    Items Pension Expense Cash Gains/Losses Prior Service Cost
    Pension Asset
    /Liability
    Projected Benefit
    Obligation Plan Assets
    Beginning balances
    Service Cost
    Interest Cost
    Actual Return on Plan Assets
    Unexpected Gain/Loss
    Contributions to Pension Plan
    Retirement Benefits Paid by Plan
    AMORTIZATIONS:
    Prior Service Cost
    Net Gain/loss
    Amounts for journal entry:
    AOCI balance forward
    Ending Balances
    Summary journal entry Debit Credit
    Pension expense
    Cash
    OCI - Gain/loss
    OCI - prior service cost
    Pension Asset/Liability
    Not on Employer's Books
    Memorandum Amounts Other comprehensive income
    Accounts on Employer's Books
    Year

    You might also like