Here is the synopsis of our sample research paper on The Impact of IFRS on Pension Fund Reporting and an Assessment of Coca Cola and PepsiCo in 2009. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 6 page paper looks at the differences in accounting for pension funds between US GAAP and IRFS. The differences are identified and discussed. The paper then assesses the pension funds of two companies; Coca Cola and PepsiCo, and the state of their pension funds, comparing and contrasting the position of the two funds and the level of underfunding present. The bibliography cites 5 sources.
Page Count:
6 pages (~225 words per page)
File: TS65_TEpensionCOpep.doc
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Unformatted sample text from the term paper:
companies. The standards cover a wide range of accounting areas; one of these IAS 19 covers accounting for employee benefits including pensions; for large firms with significant pension funds this
has the potential to have a significant impact. Two firms which may be compared are Coca Cola and Pepsi Co., to assess these firms the way that they may be
impacted by IFRS needs to be considered as well as looking at the condition and performance of their pension funds when compliant under IFRS. The two firms will be considered
with the use of the 10-k annual accounts for the financial year 2009; Coca Cola is using IFRS while PepsiCo is not compliant with IRFS. Examining the differences that
are present between IAS 19 compliance and FAS 158, that standard for US GAAP on accounting for post retirement expenses there are both similarities and differences, some of which may
be preferred by the firm other which may be seen as having the potential to increase volatility in the way the pension fund performance is reported. Some of the most
important differences may be assessed. The first difference is a slight relaxation; under FAS 158 the valuation was to be undertaken by a qualified actuary, under IAS 19 this is
recommended by not mandated. The calculation of the obligation is calculated in a slightly different manner with IFAS; under FAS 158 the discount rates utilized to assess the settlement of
an obligation is based on the return that is currently achieved by high quality fixed income investments where there is an alignment of the maturities of the investments with the
duration of the pension fund obligations. The discount rate for IFAS compliance is that not based on fixed income investments, but on the current rates associated with high quality corporate
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