Deficit and File:Basel III Jan 2014.pdf: Difference between pages

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imported>Doug Williamson
(Add 3rd definition.)
 
(== Summary == Importing files from local file repository)
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1. ''Pensions - defined benefit schemes.''
== Summary ==
 
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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. ''Public finances.''
 
A government fiscal deficit, usually for a particular period, most often a year.
 
 
3.
 
Any financial shortfall, whether cumulative or for a single period.
 
 
== See also ==
* [[Amortisation]]
* [[Fiscal deficit]]
* [[FRS 102]]
* [[Funding level]]
* [[Multicurrency cross-border pooling]]
* [[Multicurrency one-country pooling]]
* [[Surplus]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:Identify_and_assess_risks]]

Latest revision as of 13:56, 27 July 2023

Summary

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