Question: What are the difference between a define benefit plan and a defined contribution? When is a superannuation plan unlikely to be a reporting entity? Why

  1. What are the difference between a define benefit plan and a defined contribution? When is a superannuation plan unlikely to be a reporting entity?
  2. Why are actuarial reports required for defined benefit plans?
  4. What is an actuarial report and why should a copy be appended to the financial statement of a defined benefit plan?
  5. How are accrued benefits determined for a defined contribution plan?
  7. How are accrued benefits disclosed in the statement of financial position prepared by a defined contribution plan?

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