The IASB amendment was to remove the smoothing of devices in pension accounting, which 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 what are they and provide a brief explanation of both?

Question

Quizplus · Accepted Answer

The Answer of The IASB amendment was to remove the smoothing of devices in pension accounting, which 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 what are they and provide a brief explanation of both?

The IASB Amendment Was to Remove the Smoothing of Devices