How to Record CAS 413 Pension Adjustment
Adjusting pension costs for a specific segment as required under CAS 413 during a segment closing or valuation update.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Pension Asset/Liability - Segment | Asset | 500,000.00 | - |
| Pension Expense - Government Contracts | Expense | - | 500,000.00 |
💡 Accountant's Note
This entry records an adjustment to the pension asset/liability account based on a segment-specific valuation required by CAS 413, effectively reducing the allowable pension expense previously charged.
Practitioner & Systems Framework
💻 ERP Architecture
Requires manual adjustment in the general ledger and updates to the CAS disclosure statement.
⚠️ Audit Flags
Significant changes in segment headcount or segment disposal.
📄 Required Documentation
Actuarial valuation report for the specific segment and CAS 413 calculation worksheet.
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