ACC 499 Week 5 DQ 1 Accounting for Pension Plans and
DQ 2 General Motors
· Contrast the difference between the impairment testing of goodwill and the impairment testing requirements for other assets . Examine the purpose of the differences identified in testing impairment of goodwill and other assets . ===================================================
ACC 499 Week 5 DQ 1 Accounting for Pension Plans and
DQ 2 General Motors
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Week 5 Discussion 1 " Accounting for Pension Plans " Please respond to the following :
· From the e-Activity , create an argument for the use of the mark-tomarket accounting method for pension accounting . Evaluate the impact of earnings volatility on financial reporting using mark-tomarket accounting , and indicate whether or not you believe this is a fair representation of pension obligations .
· Defend the current GAAP rules for pension accounting reporting on the balance sheet and the income statement . Recommend a change you would make to the current pension accounting to more accurately reflect the future obligations of a company . Week 5 Discussion 2 " General Motors " Please respond to the following :
· From the case study , assess the benefits and detriments of the U . S . Government-proposed bankruptcy plan that conserved General Motors ’ liability to the United Auto Workers ( UAW ) pension and retiree health care fund . Indicate your agreement or disagreement with this approach . Provide support for your rationale .
· Examine the major advantages of transferring the post-retirement benefits to the UAW by General Motors . Indicate the likely impact to the company and its employees .