Document Type : Research Paper
Authors
Abstract
Pension plans accounting is a controversial issue. Providing the defined benefits pension plans in companies' financial statements is very important considering the lack of accounting standard in Iran in this regard, and most of the financial statements users are interested in true understanding of companies' pension plans. The number of such companies which are qualified to entering in Tehran Stock Exchange (TSE) has increased; hence economic consequences of measuring and releasing of obligations have been noteworthy.
The current research studies uniformity of pension plans in financial statements reporting and necessity of creating a new standard in this regard.
The sample population of this research are 9 companies and banks that have had defined benefits pension plan for the financial year of 1388. Also the data of research has been collected using viewpoint of expertise and persons questionnaire. Examines of binominal distribution, chi square and mean have been applied for analyzing of data.
Results of this study, indicates the lack of uniformity in reporting pension plans in financial statements of employer and entities which have mostly use recognition rather disclosure. However some incompetence is in recognition and disclosure.
Also from viewpoint of pension plan financial statements users, releasing of pension plans information is useful, so they believe it is necessary that a new standard should be created.
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