Learning Outcome Statements

1. Pension plans

a. describe the types of post-employment benefit plans and implications for financial reports;

2. Accounting for defined benefit plans

b. explain and calculate measures of a defined benefit pension obligation (i.e., present value of the defined benefit obligation and projected benefit obligation) and net pension liability (or asset);

c. describe the components of a company's defined benefit pension costs;

d. explain and calculate the effect of a defined benefit plan's assumptions on the defined benefit obligation and periodic pension cost;

3. Analysis of pension plan disclosures

e. explain and calculate how adjusting for items of pension and other post-employment benefits that are reported in the notes to the financial statements affects financial statements and ratios;

f. interpret pension plan note disclosures including cash flow related information;

4. Other post-retirement benefits

e. explain and calculate how adjusting for items of pension and other post-employment benefits that are reported in the notes to the financial statements affects financial statements and ratios;

f. interpret pension plan note disclosures including cash flow related information;

5. Accounting for stock-based compensation

g. explain issues associated with accounting for share-based compensation;

h. explain how accounting for stock grants and stock options affects financial statements, and the importance of companies' assumptions in valuing these grants and options.