This is a dossier with resources and material regarding the valuation of defined benefit pension plans. This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research Pension Plan Calculator (spreadsheet provided by aliactuary.com) Actuarial Methods and Assumptions used in the Valuation of Retirement Benefits in the EU and other … Continue reading Mental Model: Defined benefit pension plans
Category: Accounting
Bruce Berkowitz on Accounting for Debt
From a transcript of Bruce Berkowitz AAII presentation from June 1, 2011: It’s not easy; it’s a painful process. You climb this wall of worry eventually over a multi-year period. You get sharp drops like we had today in the market-place. You have to deal with this crazy accounting that companies have now. The companies … Continue reading Bruce Berkowitz on Accounting for Debt
Changes in Lease Accounting
A lease is a contractual agreement between an owner of an asset and a counterparty that intends to utilize that asset in exchange for periodical payments. Examples of assets, often used in lease agreements are real estate, ships, aircraft and cars. Types of Leases There are two general types of leases: operating leases and financial … Continue reading Changes in Lease Accounting