Reporting Paper

As one can imagine, many factors needs to be taken into consideration when forgening on acquiring some another(prenominal) company. One of these factors is which type of retirement blueprint is to be offered to the employees, whether drag parcel, delimitate benefit, or other postretirement plans. The other factor that should be considered is how the segments should be eliminated and how the elimination of the segments will effect the financial statements. singly of these factors will be discussed within this memo. The first of the issues to be discussed is the reportage that is required for each of the different types of retirement plans offered by the company. The 2 that are most often offered by employers are intend theatrical role and outlined benefit. The first of the retirement plans that is to be examined is the be contribution type. This is one of the easiest types of plans to report. With this plan in place, the employer is only trusty for their contribution to the employees plan. Even so, the employer must report this plan in several ways.

Not only should the capital leakage be recorded, but also according to Schroeder, Clark & Cathey, the financial statements should break away the existence of the plan, the employee groups covered, the basis for determining contributions, and any significant matters give in upon comparability from period to period (Schroeder, Clark, & Cathey, 2011, P. 457). The second most touristed type of retirement plan that can be offered is the specify benefit option. With this type of plan in place, the accounting becomes overabundan ce more difficult than the define contribut! ion option. Where the only interchange outflow that occurs with the defined contribution comes through the annual contribution due to the responsibility of the plans payment lies with the employee, with the defined benefit plan there is no such mandate for cash outflows as the responsibility for the future payments belongs to the employer. Many factors view as an influence on what amount of...If you want to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay