Chapter 18: Employee Benefit Plans

In this section

• Defined Contribution vs. Defined Benefit
  Explore the fundamental distinctions between Defined Contribution and Defined Benefit plans, focusing on contributions, disclosures, financial reporting complexities, and real-world applications.
• Plan Investments and Funding Status
  Learn how pension plan investments are managed, how to calculate the projected benefit obligation (PBO), and how to determine a plan’s funded status for accurate and compliant reporting.
• ASC 960 and ASC 962 Reporting
  Learn how to properly prepare and present the financial statements for defined benefit and defined contribution employee benefit plans following ASC 960 and ASC 962. Discover best practices, common pitfalls, and practical examples to ensure accurate and transparent reporting.
• Plans’ Financial Statements and Audit Considerations
  Comprehensive coverage of employee benefit plan financial statement requirements, emphasizing controls over participant data, contributions, and distributions for robust audit readiness.