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Coca-Cola Company vs. PepsiCo, Inc
Finance & Accounting
Pages 6 (1506 words)
Coca-Cola Company vs. PepsiCo, Inc. Student’s name Course title Instructor’s name Institution’s Name Date of Submission Analysis and discussion of the current effects of IFRS on the pension reporting for Coca-Cola and PepsiCo at 2009 year-end According to the Pension Plan Act of 2006 new standards were enacted and established in connection to the new methods of funding for the United States benefit pension plans.
Consequent to this input, the plan is effectively funded to sustain total elasticity as laid down in the Pension Plan Act 2006. Generally, the fund was estimated to finance all the subsequent contributions in future from the operating activities. In accordance to the guidelines of IFRS the international pension plans of the company are funded in conformity to the domestic laws and the income tax guidelines. The company does not anticipate the contributions to the plans to be in effect in any near future. Following the enactment of the Pension Plan Act of 2006, no contributions are expected to be included in the schedule for funding the benefit pension plan. At the end of the financial year 2009, the estimated benefit requirement of the United States eligible pension plans was about $ 2.138 million and the reasonable value of the pension plan was about $ 1.975 million. The major part of this contribution was as a result of depressing effect that the previous financial crisis and financial mechanism’s vulnerability had on the company’s pension plan assets. ...
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