A.32 ASC 960, Plan Accounting — Defined Benefit Pension Plans
ASC 960-30
Changes in Net Assets Available for Benefits
45-2
Information about changes in net assets available for benefits
is intended to present the effects of significant changes in net
assets during the year and shall present, at a minimum, all of
the following:
- The net appreciation (depreciation) in fair value. Net appreciation or depreciation includes realized gains and losses on investments that were both purchased and sold during the period as well as unrealized appreciation or depreciation of the investments held at year-end.
- Investment income (exclusive of (a)).
- Contributions from the employer, segregated between cash and noncash contributions. A noncash contribution shall be recorded at fair value. The nature of noncash contributions shall be described, either parenthetically or in a note. . . .
ASC 960-325
45-1
Information regarding a plan’s investments that are measured
using fair value shall indicate whether reported fair values
have been measured by quoted prices in an active market or are
fair values otherwise determined.
45-2
Investments measured using fair value in the statement of net
assets available for benefits or in the notes shall be presented
by general type, such as the following:
- Registered investment companies (for example, mutual funds)
- Government securities
- Common-collective trusts
- Pooled separate accounts
- Short-term securities
- Corporate bonds
- Common stocks
- Mortgages
- Real estate.
50-1
Disclosure of the plan’s accounting policies shall include a
description of valuation techniques and inputs used to measure
the fair value of investments (as required by Section 820-10-50)
and a description of the methods and significant assumptions
used to measure the reported value of contracts with insurance
entities. However, defined benefit pension plans are exempt from
the requirements in paragraph 820-10-50-2B(a) to disaggregate
assets by nature, characteristics, and risks. The disclosures of
information by classes of assets required by Section 820-10-50
shall be provided by general type of plan assets consistent with
paragraph 960-325-45-2.
50-3 The
historical cost of plan investments presented at fair value is
neither required nor proscribed.
Interests in Master
Trusts
50-7 A plan shall disclose the
following in the notes to financial statements for each period
for which a statement of changes in net assets available for
benefits is presented:
- Net appreciation or depreciation in the fair value of investments of the master trust. Net appreciation or depreciation includes realized gains and losses on investments that were both purchased and sold during the period as well as unrealized appreciation or depreciation of the investments held at year-end.
- Investment income (exclusive of (a)).
50-9 In the notes to financial
statements a plan shall include the investments of a master
trust measured using fair value presented by general type of
investment, such as the following, as of the date of each
statement of net assets available for benefits presented:
- Registered investment companies (for example, mutual funds)
- Government securities
- Common-collective trusts
- Pooled separate accounts
- Short-term securities
- Corporate bonds
- Common stocks
- Mortgages
- Real estate.