OPINIONS OF THE ACCOUNTING PRINCIPLES BOARD
NOVEMBER 1966
Accounting for the Cost of Pension Plans
CONTENTS
Paragraph Numbers
Introduction 1-7
Pension Plans Covered by this Opinion 8
Basic Accounting Method 9-18
Actuarial Cost Methods 19-24
Actuarial Gains and Losses 25-33
Employees Included in Cost Calculations 34-36
Companies With More Than One Plan 37
Defined-contribution Plans 38-39
Insured Plans 40-41
Effect of Funding 42-44
Income Taxes 45
Disclosure 46
Changes in Accounting Method 47
Transition to Recommended Practices 48-49
Effective Date 50
Actuarial Valuations, Assumptions and
Cost Methods Appendix A
Glossary Appendix B
Issued by the Accounting Principles Board of the American Institute of Certified Public Accountants
COPYRIGHT 1966 BY THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS, INC. 1211 AVENUE OF AMERICAS, NEW YORK, NEW YORK 10036