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Essay Available:
Pages:
2 pages/≈550 words
Sources:
3 Sources
Level:
APA
Subject:
Accounting, Finance, SPSS
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
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Topic:

Accounting for Other Post-retirement Benefits. Essay (Essay Sample)

Instructions:

Accounting for Other Post-retirement Benefits:
Postretirement benefits other than pensions (OPRBs) are similar to defined benefit pension plans in some respects and different in others.
***Required:
1) Discuss the characteristics of OPRBs that make them different from defined benefit pension plans.
2) Discuss how the accounting for OPRBs differs from the accounting for defined benefit pension plans.
3) In what respects are OPRBs similar to defined benefit pension plans? Explain.
4) In what respects is the accounting for OPRBs similar to, or the same as, the accounting for defined benefit pension plans? Explain.
Bold each question as a heading above response.

source..
Content:


Accounting For Other Post-Retirement Benefits
Name
Institution Affiliation
Accounting For Other Post-Retirement Benefits
Discuss the characteristics of OPRBs that make them different from defined benefit pension plans.
Generally, all organizations use a formula to calculate defined benefit payments for retired employees. The benefit payment is calculated using factors such as age, earnings and the years of service. During the employee’s working days, the organization opens an account in which they deposit money that an employee will receive after retirement (Poterba et al., 2007).

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