On 09/05/2013 11:08:21,
Ken, very informative article.
Regarding the actuarial assumptions used to calculate the pension obligation (compensation growth rate etc), are these usually disclosed in the notes? Would be interesting to directly compare Japanese assumptions vs US and European.
Also, when a firm recognises an actuarial loss (or a gain) through other comprehensive income, do companies HAVE to recognise it in the current years statements?
Or, because companies now have to recognise the actuarial gain/loss in the OCI due to an accounting change, are companies able to retroactively apply this accounting change and restate previous statements...effectively hiding an actuarial loss in a previous statement making it harder for analysts and investors to discover?