问题如下:
6. The relationship between the periodic pension cost and the plan’s funded status is best expressed in which of the following?
选项:
A. Periodic pension cost of – £483 = Ending funded status of – £4,774 – Employer contributions of £693 – Beginning funded status of – £4,984.
B. Periodic pension cost of £1,322 = Benefits paid of £1,322.
C. Periodic pension cost of £210 = Ending funded status of – £4,774 – Beginning funded status of – £4,984.
解释:
A is correct.
The relation between the periodic pension cost and the plan’s funded status can be expressed as Periodic pension cost = Ending funded status – Employer contributions – Beginning funded status.
考点:TPPC & periodic pension cost
解析:
A选项是TPPC公式,TPPC=PPC.
很多同学不明白为什么TPPC等于PPC,其实TPPC与periodic pension cost的金额是相等的。是站在不同的角度。
periodic pension cost包括两个部分,一部分在I/S上的,另一部分在OCI里。何老师上课说分析师认为periodic pension cost不靠谱,所以有TPPC,其中这个periodic pension cost其实特指的是记在I/S里的部分。
PPC在I.S中的部分有-csc-psc-int cost+E(R);在OCI中的有-AL+AG+actual R-E(R)
这两部分相加,即PPC=-csc-psc-int cost+E(R)-AL+AG+actual R-E(R)=actual R-{csc+psc+int cost+(AL-AG)}=TPPC(上课中推导过TPPC=真实收益-4A)
TPPC通常运用于分析师的观点,与contribution对比,调整CFO,CFF。
而periodic pension cost通常是让我们计算记在I/S或者equity中的金额。
是否就可以理解为Period pension cost 等于pension净资产的变化剔除员工供款的部分。