Define a private pension plan How does a contributory pension plan differ from a noncontributory plan Differentiate between accounting for the employer and accounting for the pension fund Explain the terms funded and pension liability as they relate to The pension fund The employer Discuss the theoretical justification for accrual recognition of pension costs Discuss the relative objectivity of the measurement process of accrual versus cash (pay as you go) accounting for annual pension costs Distinguish among the following as they relate to pension plans Service cost Prior service costs Vested benefits

Question: . Define a private pension plan. How does a contributory pension plan differ from a noncontributory plan? . Differentiate between accounting for the employer and

. Define a private pension plan. How does a contributory pension plan differ from a noncontributory plan?
. Differentiate between "accounting for the employer" and "accounting for the pension fund."
. Explain the terms "funded" and "pension liability" as they relate to:
- . The pension fund
- . The employer
. Discuss the theoretical justification for accrual recognition of pension costs.
. Discuss the relative objectivity of the measurement process of accrual versus cash (pay-as-you-go) accounting for annual pension costs.
. Distinguish among the following as they relate to pension plans.
- . Service cost
- . Prior service costs
- . Vested benefits

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