Pension Plans and Operating Segments Pension Plans and Operating Segments Memorandum To: CEO From: Controller Re: Pension plans and operating segments for newly acquired company The intent of this memo is to answer questions regarding the pension plans and operating segments of the company we recently acquired with 100% ownership. This company has two operating segments‚ each with its own pension plan. Reporting requirements for these issues are explained below. Pension
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Ontario Teacher’s Pension Plan Board: Hedging Foreign Currency Exposure Ontario Teacher’s Pension Plan Board: Hedging Foreign Currency Exposure Issue Identification The Ontario Teacher’s Pension Plan (OTPP) is a defined contribution plan that was created in 1917 to provide and administer a pension plan for Ontario school teachers. Sponsored by the Ontario Government and the Ontario Teacher’s Federation‚ the plan currently supports 343‚000 teachers‚ former teachers and pensioners. The recent
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Pensions ACCT 302 Pensions help us live with an income as we get older and have retired. “A pension plan is a financial arrangement that allows individuals to continue receiving some type of regular income even after they are no longer active in the workforce.” (1) Most of the pension options out there are used when you retire however there are certain instances where you can collect a pension before retirement due to a disability. Pension plans are also interchangeable with retirement plans
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Chapter scope notes Exclude alternative measures of pension obligation (p.1202) Exclude Other Defined Benefit Plans (pp. 1216) Exclude appendices Characteristics of organizational relationship: operating company & pension plan Emphasis will be on Defined Benefit Pension Plan accounting and reporting Pension plans are provided by organizations to provide for eligible employees upon retirement In Canada they are provincially regulated The concept is straightforward: An organization
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The Canada Pension Plan Investment Board The main concern of the Senior Vice President is whether CPPIB will be able to sustain its positive results with its current investment strategy and the long term nature of the pension plan. A shift towards an active strategy concentrated on Private and Alternative Investments has certainly paid off since its implementation. However‚ the pension plan has reached somewhat of a roadblock considering the recent loss it has suffered. The million dollar question
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The Post Retirement Benefit of Pension Plans Marcus Womack Intermediate Accounting II (ACC 306) Professor Rick Kwan September 29‚ 2010 There are several different types of employment compensation. Salaries and wages that people earn while they are working provide immediate compensation for services provided and are a key factor in managing one’s day to day life. However‚ there are also various types of compensation that one can earn from employment after they have retired from a company.
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Part 1 Introduction to Managerial Finance Chapters in this Part Chapter 1 The Role of Managerial Finance Chapter 2 The Financial Market Environment Integrative Case 1: Merit Enterprise Corp. Chapter 1 The Role of Managerial Finance ( Instructor’s Resources Overview This chapter introduces the student to the field of finance and explores career opportunities in both financial services and managerial finance. The three basic legal forms of business organization (sole proprietorship
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costs of pension plans‚ Leah Hutcherson‚ CPA‚ encounters certain terms. The components of pension costs that the terms represent must be dealt with appropriately if generally accepted accounting principles are to be reflected in the financial statements of entities with pension plans. DIRECTION AND REQUIREMENTS In this simulation‚ you will be asked various questions regarding basic pension plan terminology. 1. Discuss the theoretical justification for accrual recognition of pension costs. Cash-basis
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Q1‚ While pension funds hold bonds as their asset‚ they also have obligations as liability. Lower interest rate‚ namely a lower discount rate‚ on one hand‚ increases bonds’ return‚ on the other hand‚ it also increase pension funds’ liabilities‚ which is the discounted value of future obligations. Moreover‚ bonds in asset side are usually in shorter term than long-term liabilities‚ and therefore are less sensitive to interest rate change. As a result‚ the increase in liability exceeds the value increase
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1. There are two sources of conflict presented in this case; the first is Personal differences. Educational Pension Investments is known for being a safe and conservative investment company ever since it started 50 years ago. Knowing that being conservative puts EPI behind other investment companies‚ Dan wanted to hire fresh and aggressive blood to increase EPI’s growth. Thus‚ Dan hired Mike. Mike accomplished everything Dan was looking for‚ to add enthusiasm into the organization and to increase
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