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Curtailment and Amendment

This topic has 3 replies, 2 voices, and was last updated 1 year ago by Stephen Widberg.

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June 1, 2021 at 2:08 am #622523
Noah098
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sir will a curtailment ALWAYS lead to a reduction in defined benefit pension obligation?
and amendment ALWAYS lead to an increase in defined benefit pension obligation?
June 1, 2021 at 11:56 am #622606
Stephen Widberg
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No. Either could go go either way.
But, read the question carefully and then post the double entry. It makes no difference whether it’s a curtailment or an amendment.
June 3, 2021 at 4:00 am #622859
Noah098
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Sir how do we know that we are supposed to show journal entries?
I thought we only have to show double entries in Sec A Q1 and other questions in sec B ONLY IF SPECIFICALLY asked for.
June 3, 2021 at 8:38 am #622902
Stephen Widberg
Keymaster
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That’s correct.
Normally you just need to EXPLAIN (unless asked for ‘adjustments’)
Obviously if the odd journal creeps in to a Section B answer, no one minds
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