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When past service cost needs to be included in the calculation of interest cost and when do not?
They are normally given separately in an exam question and I always treat them separately
Not really. It depends on the timing of the change in the scheme. If it occurred at the start of the year then, yes, add it in to get the net asset / liability as at the start of the year. But if the change took place as at the year end then, no, exclude it from net assets / liabilities for the purposes of calculating the annual interest cost
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