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August 22, 2023 at 9:29 pm
Hi Chris, looking at ACCA technical article at this link, https://www.accaglobal.com/gb/en/student/exam-support-resources/professional-exams-study-resources/strategic-business-reporting/technical-articles/asset-ceiling.html, it appears that the ceiling adjustment should not be charged to OCI and there should be no journal entry for it. Please can you review and confirm? Thanks
January 29, 2020 at 6:22 pm
Hi, My notes say that gain/loss on asset ceiling will be taken to P&L but the lecture says to take it to OCI. Which is it? Thanks,
September 2, 2021 at 3:23 pm
The notes are stated that if the asset needs to be reduced to the asset ceiling, then the reduction in net pension asset is shown in OCI.
August 8, 2019 at 8:58 am
Hi Chris, in the lecture the decrease in liability is 5m$ (60-55). However in the answers at the end of notes its 7m$. why is that so?
August 5, 2019 at 3:52 pm
shouldnt the difference between the net plan asset and asset ceiling amount be charged to other comprehensive income????
June 9, 2019 at 4:47 pm
so we do well, we invest so that our Pension Assets exceed Pension Liabilities, but we end up having to recognise an expense. What’s the point in making pension fund to perform exceptionally well then?
February 1, 2019 at 12:01 pm
Hi Chris! Can there be a situation where the asset need to be increased to the asset ceiling limit? And if that is possible, what will the treatment be? Will the increase be treated/shown in SPL as income?
May 24, 2019 at 11:58 am
No, this wouldn’t happen and it wouldn’t be prudent to do so.
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