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GAAP.RUNewsProposed Accounting Standards Update - Plan Accounting - Defined Contribution Pension Plans (Topic 962)

Proposed Accounting Standards Update - Plan Accounting - Defined Contribution Pension Plans (Topic 962)

Reporting Loans to Participants by Defined Contribution Pension Plans (a consensus of the FASB Emerging Issues Task Force)

Publication date: 20 August 2010

Participant loans are currently classified as an investment in accordance with the defined contribution pension plan guidance in paragraph 962-325-45-10. Subtopic 962-325 requires most investments held by a plan, including participant loans, to be presented at fair value. Topic 820, Fair Value Measurements and Disclosures, provides specific guidance on how fair value should be measured.

Participant loans are currently classified as an investment in accordance with the defined contribution pension plan guidance in paragraph 962-325-45-10: subtopic 962-325 requires most investments held by a plan, including participant loans, to be presented at fair value. Topic 820, Fair Value Measurements and Disclosures, provides specific guidance on how fair value should be measured.