Both IFRS and U.S. GAAP require companies to report the funded status of defined benefit pension plans on the balance sheet.

Name: Both IFRS and U.S. GAAP require companies to report the funded status of defined benefit pension plans on the balance sheet.
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Companies must report the funded status of defined benefit pension plans on the balance sheet under both GAAP and IFRS. The IFRS' calculation of the unfunded status differs from that under GAAP.