Climate Bonds Standard and Deficit: Difference between pages
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'' | 1. ''Pensions accounting.'' | ||
The | The excess of liabilities over assets in a funded Defined benefit pension scheme; also known as under-funding. | ||
'''Example''' | |||
Pension liabilities = 100. | |||
Pension assets = 90. | |||
The deficit would be: | |||
100 - 90 | |||
= 10. | |||
(Not to be confused with the percentage ''funding level'' which in this example would be 90 / 100 = 90%.) | |||
Relevant accounting standards include Section 28 of FRS 102. | |||
2. More generally, any financial shortfall. | |||
[[ | == See also == | ||
* [[Amortisation]] | |||
* [[Fiscal deficit]] | |||
* [[FRS 102]] | |||
* [[Funding level]] | |||
* [[Multicurrency cross-border pooling]] | |||
* [[Multicurrency one-country pooling]] | |||
* [[Surplus]] | |||
Revision as of 10:35, 6 November 2015
1. Pensions accounting.
The excess of liabilities over assets in a funded Defined benefit pension scheme; also known as under-funding.
Example
Pension liabilities = 100.
Pension assets = 90.
The deficit would be:
100 - 90
= 10.
(Not to be confused with the percentage funding level which in this example would be 90 / 100 = 90%.)
Relevant accounting standards include Section 28 of FRS 102.
2. More generally, any financial shortfall.
