DISCUSSION QUESTIONS
1. Explain how cash-basis accounting for pension plans differs from accrual-basis accounting for pension plans.
2. Why is cash-basis accounting generally considered unacceptable for pension plan accounting?
3. Differentiate between a defined contribution pension plan and a defined benefit pension plan
4. Explain how the employer's obligation differs between the two types of plans.
5. What is the purpose of a cash flow hedge?
6. What are the main distinctions between a traditional financial instrument and a derivative financial instrument?
7. Who is"ShlomoBenartzi: Saving for Tomorrow, Tomorrow?
8. What does it have to do with Accounting?