HEWLETT-PACKARD COMPANY 2014 CFA 特许金融分析师 中文学习精要 [键入文档副标题] wendy li [ 键 入 公 司 地 址 ] Pension plan 中文学习精要 关键术语 defined contribution plan； defined benefit plan； projected benefit obligation （PBO）； accumulated benefit obligation （ABO）； vested benefit obligation （VBO）； service cost； interest cost； discount rate； the rate of compensation increase； Plan assets； actual Return on assets； expected Return on assets； funded status；Net pension asset （liability）； Reported pension cost （credit） on income statement non smoothed pension cost （credit） Intrinsic value method fair value method LOS a： Explain the differences in accounting for defined contribution and defined benefit pension plans． *In a defined contribution plan， the employee makes contributions and the employer may be obligated to make periodic contributions through matching programs． The firm makes no promise to the employee regarding the amounts of funds that will accumulate in the plan over time． Employees often make their own investment decisions in these plans， and therefore， bear the risk that their chosen investment vehicles may not perform well over time． *In a defined contribution plan，雇主定期支付一定的现金到pension plans 账户中，由雇员自己做出pension plans 的投资计划，因此也由雇员自己承担投资风险和获得投资收益。 *In a defined benefit plan， the company promises to pay a certain amount at retirement． This amount may or may not be related to an employee's salary level ． *in a defined benefit plan，雇主承诺在雇员退休时，支付一定的退休金。退休金金额可能与雇员工资挂钩，可能也无关系。这样，是雇主，而不是雇员，承担了 pension plans 投资的风险与收益， LOS b *The projected benefit obligation （ PBO） is the present value of...
