- CFA Exams
- CFA Level I Exam
- Study Session 5. Financial Reporting and Analysis (1)
- Reading 14. Employee Compensation: Post-Employment and Share-Based
- Subject 2. Accounting for Defined Benefit Plans
CFA Practice Question
The approach adopted by the accounting profession to measure a firm's pension obligation is the:
A. vested benefit obligation.
B. accumulated benefit obligation.
C. projected benefit obligation.
Explanation: SFAS 87 measures use of the PBO to measure the pension obligation and SFAS 132 disclosures are based on the PBO as well.
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