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Archive for June 6th, 2008

FY Shift Quiz

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You’re conducting a study of pension plan funded status (pension plan assets as compared with projected benefit obligation) for 2007 as compared with 2006. Company A has has its fiscal year ending June 30 of each year, while company B has its fiscal year ending May 31 of each year. Where do you place your data?

  1. For Company A, place the 6/30/2007 data in 2007 and the 6/30/2006 data in 2006. For Company B, place the 5/31/2007 data in 2007 and the 5/31/2007 data in 2006.
  2. For Company A, wait for the 6/30/2008 data and place it in 2007, and place the 6/30/2007 data in 2006. For Company B, wait for the 5/31/2008 data and place it in 2007, and place the 5/31/2007 data in 2006.
  3. For Company A, place the 6/30/2007 data in 2007 and the 6/30/2006 data in 2006. But for Company B, wait for the 5/31/2008 data and place it in 2007, and place the 5/31/2007 data in 2006.
  4. For Company A, place the 6/30/2007 data in 2007 and the 6/30/2006 data in 2006. For Company B, include no data for 2007, but place the 5/31/2007 data in 2006.
  5. I can’t say because you haven’t told me whether or not the pension plan’s measurement date doesn’t match the company’s fiscal year end, in which case I would shift the year in which the data is placed, depending on one of the choices specified above (specify which).
  6. None of the above. (Describe your own preference.)

Bonus Question: Which of the above choices should definitely not be used. Explain why.
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Written by macheide

6 June 2008 at 6:09 pm

Posted in άctuary