- CFA Exams
- CFA Level I Exam
- Study Session 8. Financial Reporting and Analysis (3)
- Reading 28. Non-current (Long-term) Liabilities
- Subject 10. Defined Contribution and Defined Benefit Pension Plans
CFA Practice Question
Companies with defined benefit plans are required, per SFAS No. 132, to make all of the following disclosures except ______.
A. each separate component, along with the total, for net pension expense
B. estimated future contributions
C. the funded status of the plan and the discount rate
Explanation: The disclosure of this item is not required by SFAS No. 132. This is most likely due to the uncertainty associated with this amount along with the fact that it is a projection rather than a historically based value.
User Contributed Comments 2
| User | Comment |
|---|---|
| tylaw | And yet...every company with a pension reports estimated future contributions. |
| s4mister | read the question guys |