WebThe ABO differs from the PBO in that the obligation in that benefits are based on current salaries, whereas the PBO is based on expected salaries at retirement. If the minimum liability is greater than the balance in the prior service cost account, if any, the excess is debited to a contra equity equity account rather than an intangible asset ... WebU.S. Government Accountability Office (U.S. GAO)

Projected Benefit Obligation vs Accumulated Benefit Obligation

WebCourse Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. WebThe projected benefit obligation may be less reliable than the accumulated benefit obligation. true The amount of the vested benefit obligation is less than the projected … toilet that washes and dries

ACCT 202 Pre-Quiz #4 (Ch. 17 and 18) Professor Farina

WebGAAP ABO, PBO, or PVB*) Funding status relative to selected liability benchmark 1 U.S. Generally Accepted Accounting Principles Accumulated Benefit Obligation, Projected Benefit Obligation, or Present Value of Benefits Work backwards from the end-state portfolio toward the current asset allocation CURRENT TARGET OBJECTIVE <85% 60% 40% 85% to 89 ... WebThe main difference between the ABO and PBO is the salary information used to estimate the obligation. The ABO uses current salary information while the PBO uses projected … toilet that won\u0027t overflow