The IASB's 2011 amendment to IAS 19 removed the smoothing of devices in pension accounting, which means that companies will have to recognize all changes in their projected benefit obligation and plan assets in the current period. These changes will be recorded in pension expense or other comprehensive income. With this change pension expense will have two components. Indicate that those two components are and provide a brief explanation of each.

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The Answer of The IASB's 2011 amendment to IAS 19 removed the smoothing of devices in pension accounting, which means that companies will have to recognize all changes in their projected benefit obligation and plan assets in the current period. These changes will be recorded in pension expense or other comprehensive income. With this change pension expense will have two components. Indicate that those two components are and provide a brief explanation of each.

The IASB's 2011 Amendment to IAS 19 Removed the Smoothing