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eee · 2018年06月06日

问一道官网DBplan CFO分析问题



Post-Employment Plan Assets ($ thousands)

 31 December 2015
 Pension Plan AHealth Care Plan
Fair value, beginning of year40,9000
Interest income on plan assets1,636 
Re-measurement gains recognized in other comprehensive income1,841 
Employer contribution3,150950
Participant contribution1,250 
Benefits paid(2,080)(950)
Fair value, end of year46,6970


Exhibit 3

Present Value of the Defined Obligations ($ thousands)

 31 December 2015
 Pension Plan AHealth Care Plan
Balance, beginning of year58,7006,900
Current service cost1,850300
Interest cost2,348276
Participant contributions1,2500
Benefits paid(2,080)(950)
Re-measurement losses recognized in other comprehensive income because of changes in assumptions3,4602,400
Balance, end of year65,5288,926

Exhibit 4

Post-Employment Plan Expenses and Other Information ($ thousands)

 31 December 2015
 Pension Plan AHealth Care Plan
Current service cost1,850300
Net interest expense712276
Net retirement expense for the year2,562576
Actual return on plan assets3,4770


Shah starts his cash flow analysis by determining the total cash outflow from the post-employment plans for SMC in 2015. He explains to Zhang that from an economic perspective, sometimes a portion of a company’s contribution to a plan should be considered similar to a principal repayment and not included in cash from operations. He intends to make this adjustment if appropriate.



Q. If Shah adopts the economic perspective (versus the traditional approach for determining cash from operations) as explained to Zhang for Pension Plan A, the cash from operations will most likely be:

  1. higher by $588.
  2. unchanged.
  3. higher by $1,838.

Solution

A is correct.

2015($ thousands)
University contributions (Exhibit 2)3,150
Total pension expense (Exhibit 4)2,562
Excess payment over expense588


这个2562是什么概念,我用期末fund state-期初-contrbution=-4181,用4181-3150=1031 得出cff上涨1031 cfo应该降低1013




1 个答案
已采纳答案

品职辅导员_小明 · 2018年06月07日

同学,这个题答案是错的,咱们的经典题里有这个讲解

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