Periodic Pension Expense In P&L and Total Periodic Pension Cost
Can anyone explain the difference between these Costs…..I thought the difference stemmed from the fact that the expected return was taken away from pension cost in the P&L statement along with the iterms that go into the OCI which are not reported in the Income Statement. In the CFAI questions on this topic, in question 10 (IFRS) they do no take away the expected return to arrive at the periodic pension cost but in the following question for US GAAP they take it away…….I cant remember seeing that under IFRS you dont take away the expected return on plan assets in the IS………….A Clear distinction would help.
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