Actuarial gains and losses arise when the assumptions underlying a company’s predicted benefit obligations change.
Accounting rules require companies to disclose both pension liabilities (liabilities) and assets intended to cover them. This shows investors the overall health of the pension fund.
All defined benefit plans will experience periodic actuarial gains or losses as key demographic assumptions or key economic assumptions that make up the model are updated.
Accountability is the acceptance of responsibility for one’s actions. This implies a willingness to be transparent, allowing others to observe and evaluate their work.
Accounting policies are the procedures a company uses to prepare financial statements. Unlike accounting principles, which are rules, accounting policies are the standard for following those rules.
Acquisition accounting is a set of formal guidelines describing how the acquirer should report the assets, liabilities, non-controlling interests and goodwill of the acquired company.
Performance Based Management (ABM) is a means of analyzing a company’s profitability by looking at every aspect of its business to determine its strengths and weaknesses.