Under the simplified approach to accounting for defined benefit pension plans under ASPE there may be a pension asset ceiling.

Question

Quizplus · Accepted Answer

Under the simplified approach to accounting for defined benefit pension plans under Accounting Standards for Private Enterprises (ASPE), there is no pension asset ceiling concept; this concept is applicable under International Financial Reporting Standards (IFRS).

Under the Simplified Approach to Accounting for Defined Benefit Pension