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| === Deficits in pensions accounting === | | == Summary == |
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| The excess of liabilities over assets in a funded Defined benefit pension scheme; also known as under-funding.
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| '''Example'''
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| Pension liabilities = 100.
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| Pension assets = 90.
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| The deficit would be:
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| 100 - 90
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| = 10.
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| (Not to be confused with the percentage ''funding level'' which in this example would be 90 / 100 = 90%.)
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| Relevant accounting standards include Section 28 of FRS 102.
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| === Deficits generally ===
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| More generally, a 'deficit' means any financial shortfall.
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| == See also ==
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| * [[Amortisation]]
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| * [[Fiscal deficit]]
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| * [[FRS 102]]
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| * [[Funding level]]
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| * [[Multicurrency cross-border pooling]]
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| * [[Multicurrency one-country pooling]]
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| * [[Surplus]]
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| [[Category:Accounting,_tax_and_regulation]]
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| [[Category:Identify_and_assess_risks]]
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Latest revision as of 13:56, 27 July 2023
Summary
Importing files from local file repository