INSTRUCTIONSYou are to follow the case instructions in the text as you complete your selected case. Items to include are outlined as follows: 500 words in length that addresses all of the criteria for the selected case. Your assignment must be in current APA format. You must support your assertions with at least two citations. In addition, you will provide a biblical application for the subject matter of the case. Acceptable sources include peer-reviewed journal articles, FASB Codification, the textbook, and the Bible. Note: Your assignment will be checked for originality via the Turnitin plagiarism tool.
Case 14-1: Pension Benefits ( chapter 14 )
Pension accounting has become more closely associated with the method of determining pension benefits
Required:
a) Discuss the following methods of determining pension benefits
I. Defined contributions plan
II. Defined benefits plan
b) Discuss the following actuarial funding methods
I. Cost approach.
II. Benefit approach.
