Hi to all of you,
I am little ashamed to ask this question 15 days before the final date but I do not understand what remeasurement really means.
A simple equation would help. If an explanation comes with I would be glad to read it.
Thanks.
I am french and and a french humorist (sorry for my poor english) said : « we were all born equal but some are more equal than others ».
Thank you for your sympathy.
There is a « and » twice. Sorry.
Appro
#4
It is always better to ask it 15 days before the exam than asking it on the exam day
Well, remeasurement (as in Pension Benefits Obligations) is composed of:
Under IFRS :
i)Actuarial Gain/Loss : Actuarial assumptions used to assume future employees benefits ( salary increase, expected life etc)
ii) Actual return on the plan assets measured as( Actual return (given) - Beginning plan assets * Interest rate)
This goes directly to OCI and not amortized
Under US GAAP:
i) Actuarial Gain/Loss
ii) Actual return on plan assets measured as (Actual return( given) - Beginning plan assets * Expected rate of return)
This goes to OCI and to be amortized to Income Statement through corridor approach
Hope that helps
Well. You are both kind and diligent.
I do appreciate that. I got it.
Thank you very much.