Αποτελέσματα Αναζήτησης
ASC 710-10-30 requires the accrual of an employer's obligation under an individual deferred compensation contract in accordance with the terms of the contract, such that the present value of the obligation is fully accrued at the date the employee attains full eligibility for the benefits.
The accounting for these arrangements, which include individual senior executive employment arrangements, varies under the two frameworks. IFRS provides less flexibility than US GAAP with respect to the expense attribution and measurement methodology.
There are four types of deferred compensation arrangements involving consolidated assets in rabbi trusts covered within ASC 710-10-25-15 through ASC 710-10-25-18. These types are defined as Plan A through Plan D based on the diversification and settlement features of the rabbi trust.
ASC 710 and ASC 715 offer insights into the accounting treatment of the deferred compensation plans. If the aggregate compensation amount of an employee is equal to the pension plan, it should be treated under ASC 715-30. Otherwise, all deferred contracts are accounted for according to ASC 710 guidelines.
8 Μαρ 2024 · What is Deferred Compensation? Deferred compensation is earned in one period but paid out in a later period. Because the compensation is delayed, the associated income taxes are also deferred until the eventual payout date.
In accounting for a defined benefit plan under U.S. GAAP, an entity measures the benefit obligation (i.e., the projected benefit obligation for pension plans or the accumulated postretirement benefit obligation for other postretirement plans) at the end of each annual period, or more often if a significant event requires a plan remeasurement as ...
• Increased to 15% (from 10%) the maximum automatic elective deferral under an automatic enrollment safe harbor plan • Eliminated certain safe harbor notice requirements for plans that provide safe harbor nonelective
