Obtain copies of the GASBs new statement on accounting for pension plans issued in 2012 a Identify the key changes from current GAAP reporting requirements for pension trust funds b Select a governments pension trust fund with your instructors approval ...

a The key changes in GAAP reporting requirements for pension plans ...

Obtain copies of the GASBs new statement on accounting for pension plans issued in 2012. a. Identify

Question:

Obtain copies of the GASB’s new statement on accounting for pension plans issued in 2012.
a. Identify the key changes from current reporting requirements for pension trust funds.
b. Select a government’s pension trust fund with your instructor’s approval.

GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...