Deficit and SMART: Difference between pages

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=== Deficits in pensions accounting ===
In relation to goal-setting, Specific, Measurable, Achievable, Realistic and Time-specific.


The excess of liabilities over assets in a funded Defined benefit pension scheme; also known as under-funding. 




'''Example'''
==See also==
 
*[[Behavioural skills]]
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.
 
 
=== Deficits generally ===
 
More generally, a 'deficit' means any financial shortfall.
 
 
== See also ==
* [[Amortisation]]
* [[Fiscal deficit]]
* [[FRS 102]]
* [[Funding level]]
* [[Multicurrency cross-border pooling]]
* [[Multicurrency one-country pooling]]
* [[Surplus]]

Revision as of 15:08, 28 March 2016

In relation to goal-setting, Specific, Measurable, Achievable, Realistic and Time-specific.


See also