VTran
Mar 9 2011, 05:05 PM
I am working on a disclosure for fas158 for a SERP as of 12.31.2010. A new participant will come in the Plan as of January 1st (the day after). Do we need to recognize that in the 12.31.2010 disclosure or do we have a choice?
david rigby
Mar 9 2011, 05:16 PM
Probably not. Think of it as a snapshot of assets and liabilities at 12/31.
But......, sometimes such changes can be significant, and its the auditor's decision whether to include. Ask.