Pensions Accounting - KPMG United Kingdom
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Accounting for Pensions

Accounting for Pensions

We’ll help you understand and meet your accounting requirements and keep you up to date with industry best practice.

We help you meet your accounting requirements and keep you up to date with best practice.

If your business sponsors a defined benefit pension plan, you’ll need expert, professional and compliant advice under IFRS, UK or US GAAP.

We can help. We’ll guide you through the accounting treatment of transactions, member options and benefit changes. Our pensions experts can help you understand the impact that risk transfer exercises such as insurance and longevity swaps can have on your financial statements.

We provide commercial, concise and focussed accounting advice. Our deep accounting knowledge and insights into market practice means we can help you to explore flexibility in accounting treatments and robustly support your position in discussions with your auditor around special events and material assumptions.

We also collect and share extensive data. We publish an annual comprehensive Pensions Accounting Survey which details trends in assumptions at over 300 companies.

Our quarterly current issues updates will keep you abreast of developments in financial reporting and market practice. Recently, we’ve covered IAS19 proposals on remeasurements after special events, FRS 102 options for recognising deficits on entity balance sheets, accounting for freedom and choice and proposed changes to IFRIC14.

Our online Fusion® technology can deliver your statutory pension reporting requirements. Assumption setting, preparation of accounting results/disclosures and auditor queries are just a few of the areas this innovative tool can help you with.

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