Video: Pension Adjustments

In this lesson, embark on a journey with Nick Palazzolo, CPA, to demystify the complexities of pension adjustments. While not as heavily examined as they once were, understanding pension adjustments remains essential. He elucidates the reasons why these adjustments are reflected in Other Comprehensive Income (OCI), due to the fluctuations in pension plan values that belong to employees and not the company itself. Nick simplifies this by highlighting the core concept that pension adjustments do not measure the company's performance and prepares you to tackle any related multiple-choice questions with confidence.

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Financial Statements: For-profit Entities
Module: 5 Concepts, 58 Videos
Balance Sheet / Statement of Financial Position Overview
1:46
Balance Sheet / Statement of Financial Position Objectives
2:06
The Accounting Equation
4:21
Classified Balance Sheet
1:13
Characteristics of the Balance Sheet
3:44
Current Assets and Long Term Investments
2:42
Current and Long Term Liabilities
2:15
Balance Sheet Additional Information
2:31
Balance Sheet / Statement of Financial Position Summary
0:46
Balance sheet / statement of financial position - Practice Questions
6:55
Income Statement / Statement of Profit or Loss Objectives
1:33
Introduction to the Income Statement
5:08
Gross Concept and Net Concept
2:44
Single-Step Income Statement
1:25
Multi-Step Income Statement
5:37
Non-Operating Activities
1:12
Example of a Multi-Step Income Statement
1:14
Unusual Gains and Losses
1:30
Income Measurement
1:18
Income Statement / Statement of Profit or Loss Summary
0:58
Income statement / statement of profit or loss - Practice Questions
4:29
Statement of Comprehensive Income Overview and Objectives
2:03
Components of Comprehensive Income
5:08
Pension Adjustments
0:43
Unrealized Gains and Losses
2:10
Translation and Remeasurement
4:25
Instrument-Specific Credit Risk
1:09
Effective Portion of Cash Flow Hedges
2:07
Revaluation Surplus
3:09
Other Comprehensive Income Items
2:28
Statement of Comprehensive Income Summary
1:19
Statement of comprehensive income - Practice Questions
2:39
Statement of Cash Flows: For-Profit and Non-For-Profit Overview
0:40
Statement of Cash Flows: For-Profit and Non-For-Profit Objectives
1:15
Operating, Investing, and Financing Activities
5:56
Operating Cash Flow - Direct Method
4:32
Operating Cash Flow - Indirect Method
3:46
Statement of Cash Flows Summary
2:55
Investing Activities
1:50
Financing Activities
1:21
Accounting Ratios
3:11
Statement of Cash Flows: For-Profit and Non-For-Profit Summary
0:55
Statement of cash flows: for-profit and non-for-profit - Practice Questions
6:51
Notes to Financial Statements Overview and Objectives
1:32
Introduction to Financial Statement Notes
1:26
Summary of Significant Accounting Policies
3:21
Disclosure of Special Transactions
7:26
Types of Financial Information
1:59
The Full Disclosure Principle
1:18
Subsequent Events
1:40
Reporting by Conglomerates
1:15
Identifying Operating Segments
1:40
Accounting Estimates
2:13
Reportable Segments
2:51
Management's Discussion and Analysis
1:41
Financial Forecasts and Projections
2:04
Notes to Financial Statements Summary
0:51
Notes to financial statements - Practice Questions
4:14