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    Accounting for Pension

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    Lenrik Abc

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    © All Rights Reserved
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    Accounting for Pension

    Uploaded by

    Lenrik Abc
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    © © All Rights Reserved

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    0 views2 pages

    Accounting for Pension

    Uploaded by

    Lenrik Abc

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    TIM ASDOS AKUNTANSI INSTRUMEN KEUANGAN | 2024

    Nama : Lendrik Gunawan


    NPM : 40122200002

    LATIHAN SOAL

    Nana Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2024, the
    following balances relate to this plan

    Plan assets $155.000

    Defined benefit obligation $155.000

    As result of the operation of the plan during 2024, the following additional data are provided by
    the actuary

    Annual service cost $24.500

    Discount (interest) rate 10%

    Funding contribution $20.500

    Benefit paid to retirees during the year $13.000

    Present value Defined Benefit Obligation $245.000

    Fair value plant asset $233.000

    Instruction :

    a. Using the data above, compute pension expense for Nana Corp. for the year 2024 by
    preparing a pension worksheet
    b. Prepare the journal entry for pension expense for 2024
    TIM ASDOS AKUNTANSI INSTRUMEN KEUANGAN | 2024

    Jawab :

    A. Pension Worksheet for Rainbow Corp, for the year 2022 (in the dollars)

    General
    Memo
    Journal
    Record
    Entries
    Item Pension
    Annual
    OCI - Asset/
    Pension Cash DBO Plant Assets
    Gain/Loss Liabilitie
    Exp.
    s
    Balance Jan 1,
    - 155.000 155.000
    2022
    Service cost 24.500 - 24.500
    Interest expense 15.500 - 15.500
    Interest revenue - 15.500 15.500
    Contribution - 20.500 20.500
    Benefits 13.000 - 13.000
    Remeasurement
    63.000 - 63.000
    DBO
    Remeasurement
    55.000 - 55.000
    Plant Assets
    Journal for 2022 24.500 - 20.500 118.000 - 122.000
    Accumulated OCI
    Balance Dec 31,
    118.000 - 122.000 - 245.000 123.000
    2022

    Saldo DBO = 155.000+24.500+15.500-130.00 = 182.000


    Saldo akhir menurut aktuaris = = 245.000
    Reamesurement DBO Rugi = = -63.000

    Saldo Plant Assets = 155.000+15.500+20.500-13.000 = 178.000


    Saldo akhir menurut aktuaris = = 233.000
    Reamesurement Plant Assets Rugi = = -55.000

    B. Journal entry for Pension Expense:

    Dr. Pension Expense 24.500


    Dr. OCI – loss 118.000
    Cr. Cash 20.500
    Cr. Pension Liabilities 122.000

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