Description

Understand the accounting for pensions and OPEBs and the impact on valuation.

Learning Objectives


  1. Differentiate between defined contribution and defined benefit pension schemes.
  2. Recall the accounting mechanics.
  3. Identify the impact of unfunded and underfunded plans on the share price.
  4. Extract relevant information from financial statements.
  5. Make pension and OPEB valuation adjustments as required in the bridge and for EBIT under US GAAP and IFRS.