It says on the pension sectin that for IFRS the discount rate = expected rate of return on plan assets
That’s not correct right? Expected rate of return is only used in GAAP?
It says on the pension sectin that for IFRS the discount rate = expected rate of return on plan assets
That’s not correct right? Expected rate of return is only used in GAAP?
Expected rate of return = Discount rate for IFRS
the reason you don’t see expected return in the calculations for Pension Expense under IFRS is because it is captured when you do the discount rate * funded status for the interest expense/income