Examlex
How does encryption work?
Unrecognized Prior Service Cost
Costs related to pension plan benefits that have been earned by employees in prior periods but have not yet been recognized in financial statements.
Pension Expense
The cost recognized in an accounting period related to an entity's pension plan, which includes service cost, interest cost, expected return on plan assets, and any amortization.
Straight-Line Method
An accounting method of depreciation in which an asset's cost is evenly spread over its useful life.
Actuaries
Professionals skilled in assessing the financial impact of risk and uncertainty, utilizing mathematics, statistics, and financial theory to study uncertain future events, especially in the insurance and finance industries.
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