Defined benefit pension scheme and First in first out: Difference between pages

Revision as of 07:56, 24 August 2019

(FIFO).

Accounting - inventory.

A method of allocating inventory for valuation purposes which assumes that the inventory acquired or produced first is used first.

@@ Line 1: / Line 1: @@
-(DB).
+(FIFO).
-A pension scheme that provides benefits based on how much a member is paid and the number of years they have been in the scheme.
+''Accounting - inventory.''
-Also known as pay related schemes (one example of which is a final salary scheme).
+A method of allocating inventory for valuation purposes which assumes that the inventory acquired or produced first is used first.
-Such schemes may be funded or unfunded.
-Relevant accounting standards include Section 28 of FRS 102.
 == See also ==
-* [[Accrual]]
+* [[Inventory]]
-* [[Accrual rate]]
+* [[Last in first out]]
-* [[Active member]]
+* [[Stock]]
-* [[Career average pension scheme]]
+* [[Weighted average cost]]
-* [[Debt on the employer]]
-* [[Defined contribution pension scheme]]
-* [[Final salary pension scheme]]
-* [[FRS 102]]
-* [[Funded scheme]]
-* [[Funding]]
-* [[Hybrid pension scheme]]
-* [[Insured pension scheme]]
-* [[Lifetime allowance]]
-* [[Occupational pension scheme]]
-* [[Pension liabilities]]
-* [[Pensionable salary]]
-* [[Pensionable service]]
-* [[Unfunded scheme]]
-[[Category:Manage_risks]]
+[[Category:Accounting,_tax_and_regulation]]
+[[Category:Liquidity_management]]