Assume you are a professional accountant working in the field of pensions. Your client, Dart Limited, is
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Question:
Assume you are a professional accountant working in the field of pensions. Your client, Dart Limited, is a small to medium-sized enterprise (SME) offering interior design services. Dart does not currently provide any type of pension arrangement for its 125 employees. However, in recent years there is more competition to attract professional designers, and Heather Dart (the SME owner) is considering establishing either a defined benefit pension plan (DBPP) or a defined contribution pension plan (DCPP).
Required:
- a) Write a memo to Heather Dart discussing pension plan factors she should consider.
- b) Prepare a draft memo (bullet points only) to Heather Dart outlining accounting requirements that would relate to DBPPs and DCPPs.
- Hint: Dart Limited is a fictitious company. You may make reasonable assumptions about the company and the industry if your assumptions are clearly stated. Ensure that your answer is applied to Dart Limited, not a generic response.
- • Be sure to cite sources of any copied or derived information used in your answer.
Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
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