IAS 17 and Pension Protection Fund Ombudsman: Difference between pages

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(Checked against IASB & Deloitte 20/4/13 - no change)
 
imported>Doug Williamson
m (Spacing 21/8/13)
 
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1.
(PPFO).  
International Accounting Standard 17, dealing with leases.


IAS 17 requires finance lease liabilities to be accounted for 'on balance sheet'.
An individual appointed under UK pensions legislation to investigate any matters considered by the Board of the Pension Protection Fund (PPF), including complaints of maladministration and matters of law.  
It also requires the appropriate allocation of the total lease instalments between finance charges and reduction of the outstanding lease liability.


2.
Under IAS 17 the total finance charge should be spread in such a way as to produce a constant periodic rate of interest on the remaining balance of the liability.
However, IAS 17 also allows for some form of approximation to be used to simplify the calculation.


Fully accurate calculation bases for spreading the total finance charge include the Actuarial method.
== See also ==
The Sum of the digits method is simpler to apply, and will normally produce a close approximation.
* [[Pension Protection Fund]]


== See also ==
[[Category:Pensions_Risk]]
* [[Actuarial method]]
* [[ED 2010/9]]
* [[Finance charge]]
* [[Finance lease]]
* [[International Financial Reporting Standards]]
* [[Off-balance sheet finance]]
* [[Operating lease]]
* [[SSAP 21]]
* [[Sum of the digits]]

Revision as of 13:48, 21 August 2013

(PPFO).

An individual appointed under UK pensions legislation to investigate any matters considered by the Board of the Pension Protection Fund (PPF), including complaints of maladministration and matters of law.


See also