Reporting Paper (Accounting) Essay Example | Topics and Well Written Essays - 750 words

Reporting Paper (Accounting) - Essay ExampleThe employees atomic number 18 required to be assured about the safety and security of their jobs despite takeovers.The points to be discussed in the memoranda include the post - retirement benefits of the employees of the organization that has been acquired. The human capital is the most essential part for the triumph of any organization. As and when, there is a merger or acquisition taking place, the employees often flavour unsafe about their professional career. In order to, have the professional faith retained among the employees the care of the company should in ready the employees of the acquired firm about the revised perks and perquisites that are on offer. Also, the management of the company should understandably focus on the post retirement benefits like the gift schemes (namely delimit benefit pension schemes and the defined contribution pension schemes). It is prudent for the management of the company to keep the employee force informed about the proposed consolidation of both the prevailing segments along with the two schemes of the post retirement benefits.Defined Benefit Pension contrivance Defined Benefit Pension Schemes, often known as the DB pension schemes are the simplest form of the post retirement benefits. The benefits i.e. the pensions are calculated on the basis of the predetermined formulae. Basically, the defined benefit pension schemes, which are the traditional schemes in the periphery of the post retirement benefits, are contributed by the employers. But, employees might as well as contribute. There are several factors upon which the benefit depends (i.e. the variables of the formulae) and that include prevailing mortality rates, scheme assets, rate of repay for the investment and changing regulatory rates among others. The tradition DB pension schemes are observed to be losing their popularity in the recent past to the DC (Defined Contribution)