Assignment Content
Resources: FASB Student Registration Instructions and FASB Codification System (Attachment 1)
Review the research results and reach a conclusion. Additionally, the client is considering offering a pension plan to its employees next year.
Discuss reporting requirements for defined contribution and defined benefit.
Research FASB for fair value reporting for derivatives.
Write a 350-word memo to the client that explains the essence of fair value reporting and identifying primary concerns associated with it. Make a recommendation to the client as to which type of pension plan they should implement and why.