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Hi all,
Can someone please shed some light on pension liability charged to SFP.
Why do we charge only 2k increase to the liability and not the total net obligation of 17k in Bubble? In similar Trailer question, the full amount of 6k net obligation credited to the liability.https://www.accaglobal.com/content/dam/ACCA_Global/Students/prof/p2/P2%20INT/d15_hybrid_p2int_q.pdf
Thanks
Hi,
The Bubble questions states that the opening position of the pension liability is $15m which is already included in the non current liabilities of Bubbles draft statement. So when the net obligation changes to $17m you just need to add the extra 2m as 15 is already included.Think thats the reason why.
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Hi,
Could you please advise why the fall of rate from 8% to 6% for net interest component was ignored?
Thank you@puskar11 said:
Hi,
Could you please advise why the fall of rate from 8% to 6% for net interest component was ignored?
Thank youBecause Net interest cost is calculated on opening balance b/f from the previous year, so the rate should also be used the one at the start of the year 8%.
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