INSTRUCTIONSYou are to follow the case instructions in the text as you complete your selected case. Items to include are outlined as follows: 500 words in length that addresses all of the criteria for the selected case. Your assignment must be in current APA format.  You must support your assertions with at least two citations. In addition, you will provide a biblical application for the subject matter of the case.  Acceptable sources include peer-reviewed journal articles, FASB Codification, the textbook, and the Bible. Note: Your assignment will be checked for originality via the Turnitin plagiarism tool.

Case 14-1: Pension Benefits ( chapter 14 )

Pension accounting has become more closely associated with the method of determining pension benefits

Required:

a)      Discuss the following methods of determining pension benefits

I.            Defined  contributions plan

II.            Defined benefits plan

b)       Discuss the following actuarial funding methods

I.             Cost approach.

II.            Benefit approach.