Deficit: Difference between revisions
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imported>Doug Williamson (Standardise appearance of page) |
imported>Doug Williamson (Update for FRS 102) |
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(Not to be confused with the percentage ''funding level'' which in this example would be 90 / 100 = 90%.) | (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. | |||
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* [[Amortisation]] | * [[Amortisation]] | ||
* [[Fiscal deficit]] | * [[Fiscal deficit]] | ||
* [[FRS | * [[FRS 102]] | ||
* [[Funding level]] | * [[Funding level]] | ||
* [[Multicurrency cross-border pooling]] | * [[Multicurrency cross-border pooling]] | ||
* [[Multicurrency one-country pooling]] | * [[Multicurrency one-country pooling]] | ||
* [[Surplus]] | * [[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.
