ACC541 University of Phoenix Week 5 FASB Memo to Client Essay
Research FASB for fair value reporting for derivatives, reporting requirements for defined contribution and defined benefit.
Review the research results and reach a conclusion. Additionally, the client is considering offering a pension plan to its employees next year.
Discuss/Write a 350-word memo to the client that explains the essence of fair value reporting and identifying primary concerns associated with it. Make a recommendation to the client as to which type of pension plan they should implement and why.