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Does anyone know if pension accounting schedules show retained earnings? Or can this only be found in the company’s financial statements?
The recent change to the ASPE standards mentions the inclusion of PfAD in the DBO as an adjustment to the prior year’s retained earnings. Except I can’t seem to figure out how to show that in a pension accounting schedule (section 3462).
Any insight would be appreciated!
For those following this, I think the retained earnings can only be seen in the corporate financial statements (which consolidate all financial statement info, including pension).
Navigating pension accounting can feel like a challenging level in Slope, dodging obstacles of standards and regulations. Retained earnings usually reside in the financial statements, offering a comprehensive view. Pension accounting schedules, like section 3462, focus on specific pension-related details. The PfAD adjustment, though impacting retained earnings, might not be explicitly displayed in these schedules. Financial statements are your best bet for direct retained earnings visibility.
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