Cyberspace and Deficit: Difference between pages
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1. | |||
Any financial shortfall, whether cumulative or for a single period. | |||
2. ''Public finances.'' | |||
==See also== | A government fiscal deficit, usually for a particular period, most often a year. | ||
*[[ | |||
*[[ | |||
*[[ | 3. ''Pensions - defined benefit schemes.'' | ||
*[[ | |||
*[[ | The accumulated 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. | |||
== See also == | |||
* [[Amortisation]] | |||
* [[Debt]] | |||
* [[Fiscal deficit]] | |||
* [[FRS 102]] | |||
* [[Funding level]] | |||
* [[Multicurrency cross-border pooling]] | |||
* [[Multicurrency one-country pooling]] | |||
* [[Provision]] | |||
* [[Surplus]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Identify_and_assess_risks]] |
Revision as of 07:48, 20 May 2020
1.
Any financial shortfall, whether cumulative or for a single period.
2. Public finances.
A government fiscal deficit, usually for a particular period, most often a year.
3. Pensions - defined benefit schemes.
The accumulated 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.