2025-26 Update: Accounting for Pensions
Part of a series of 2025 updates. Pension accounting is a specialist area. This short course offers an overview of the basics of accounting for defined contribution and defined benefit pension plans from the employer's perspective, and pension scheme accounting from the fund's perspective.
2025-26 Update: Accounting for Pensions
This course will enable you to
About the course
Pension accounting is a specialist area, but it pays to be aware of the general approach required for the correct recognition and measurement of pension plans.
This short course takes a look at the basics of accounting for the two main types of pension scheme - defined contribution and defined benefit pension plans - from the perspective of the employer; reflecting the provisions in UK and Ireland GAAP for 2025/26.
It also covers pension scheme accounting from the perspective of the pension fund. This is guided by the framework within the Pensions Statement of Recommended Practice (SORP), issued by the Pensions Research Accountants Group (PRAG).
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Contents
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Author
Steve Collings
Steve is Director at Leavitt Walmsley Associates, a firm of Certified Chartered Accountants. He is an internationally recognised speaker, writer and commentator on all matters to do with financial reporting and auditing. Steve is a prolific author, having written over 25 books and currently represents the North West of England on ACCA’s Practice Network Panel.
