Question

Petey Ltd. has a policy of obtaining an actuarial pension valuation every three years. Based on the individual components of its annual pension expense, Petey Ltd.’s accrued benefit obligation as at December 31, 2011, was $356,700.
An actuarial valuation revealed that the accrued benefit obligation is actually $388,000. The difference is mostly the result of revised estimates given the recent stock market troubles. Discuss the options available under IFRS to account for the actuarial loss.


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  • CreatedAugust 23, 2015
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