Distinguish between a defined benefit plan and a defined contribution plan Why does a defined benefit plan present far more complex accounting issues than a defined contribution plan How should an employer determine the amount to report on its government wide statements as its pension liability What should it use as its discount rate in determining its pension obligation What are the key distinguishing characteristics of fiduciary funds What are the four types of fiduciary funds What are permanent funds used to account for In light of the requirement that governmental funds can recognize revenues only when they are measurable and available, how can a permanent fund ever recognize revenue In what two basic financial statements should a government report its fiduciary funds On what basis of accounting should they be prepared What are investment pools Why might a government maintain an investment pool On what basis are the assets measured and reported

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Question: Distinguish between a defined benefit plan and a defined contribution plan. Why does a defined benefit plan present far more complex accounting issues than a

Distinguish between a defined benefit plan and a defined contribution plan. Why does a defined benefit plan present far more complex accounting issues than a defined contribution plan?
How should an employer determine the amount to report on its government-wide statements as its pension liability?
What should it use as its discount rate in determining its pension obligation?
What are the key distinguishing characteristics of fiduciary funds?
What are the four types of fiduciary funds?
What are permanent funds used to account for? In light of the requirement that governmental funds can recognize revenues only when they are measurable and available, how can a permanent fund ever recognize revenue?
In what two basic financial statements should a government report its fiduciary funds? On what basis of accounting should they be prepared?
What are investment pools? Why might a government maintain an investment pool? On what basis are the assets measured and reported?

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