Total Periodic Pension cost Vs Periodic Pension expense

What is the difference between Total Periodic Pension cost and Periodic Pension expense?

The tppc is the actual pension expense while the periodic pension expense is what’s reported on P&L (and that differs between USGAAP and IFRS).

Tppc includes the oci expense, which is missing from P&L.

Let make sure that I understand it properly,

Total periodic pension plan (it is the sum of pension cost in I/S+OCI) which is net funded status-employer contribution

Periodic Pension cost in I/S includes, service cost, interest expense, post service cost,

Periodic Pension cost in OCI includesgain or loss, and actual return on plan assets.

So going back to my question, based on what I have understood from the discussion I have adjusted my question, is it correct that way?

Periodic formula is incorrect.

what is the correct one!

Periodic Pension Cost:

USGAAP: Current Service Cost + Interest - Expected Growth of Pension Assets + Amortization due to corridor rule

IFRS: Current Service Cost + Past Service Cost + Net Interest Cost

I think you wrote the formulas for Periodic Pension Expense (not cost), right?

I consider the word cost and expense the same.

TPPC = total periodic pension cost/expense

PPC = periodic pension cost/expense and it is basically what is reported in P&I

Cost and expense are most definitely _ not _ the same.

Pension expense is the portion of the pension cost that goes on the income statement, the rest going to OCI.

Ah, I guess I never paid attention to that word. So I guess change what I wrote to:

TPPC = total periodic pension cost

PPE = periodic pension expense and it is basically what is reported in P&I

Hmm… Just reviewed Bostom CFA mock and they refer the periodic pension cost as cost, not expense. The question was referring to P&L reported via USGAAP and IFRS. Then looked it up in Schweser, and their the example in the Pension section, asks to calculate:

  1. Total periodic pension cost.
  2. Periodic pension cost reported in P&L under U.S. GAAP (ignore amortization of past service cost).
  3. Periodic pension cost in reported in P&L under IFRS.
  4. Periodic pension cost reported in OCI under U.S. GAAP.
  5. Periodic pension cost reported in OCI under IFRS.

So is it all referred to as Cost, and there is no “Expense”

And, as we all know, the Bostom [sic] CFA mock exam is never wrong . . . .

And, of course, Schweser also never gets anything wrong . . . .

I will have to look up what Wiley and AnalystPrep say, and take the average result. CFAI will be the tie breaker.