Review the research results and reach a conclusion. Additionally, the client is considering offering a pension plan to its employees next year.
Discuss reporting requirements for defined contribution and defined benefit.
Research FASB for fair value reporting for derivatives.
Write a 350-word memo to the client that explains the essence of fair value reporting and identifying any primary concerns associated with it. Make a recommendation to the client as to which type of pension plan they should implement and why
Choice of setting for the structured interview was in a controlled environment. Researcher and chosen participant were present only. Each researcher asked one participant that was known to them. There were no exclusion criteria present. With the purpose of writing up transcript word for word, considerations to ethics was evident in the recording of the interview process, as permission was asked for and given prior. The researchers ensured participants were fully aware of the purpose of the research and understood their rights. It was designed for these to be read out at the start of the interviews, explaining that participation is voluntary and that they are free to refuse to answer any questions and may withdraw from the interview at any time. Likewise, deletion of the interview recordings after the data was analysed was made known for their protection. Results Q1. Do you have family or outside responsibilities? It was found that the 2 participants have different family lives. Participant 1 has no children and participant 2 has three. Q2. How long have you been out of education and why is now your chosen time to return or thinking of returning? Different amount of time separates each of the participants in how long each has been away from education. Participant 1 has been out for 5 years and participant 2 has been in and out of education during the last year. Q3. Have you looked in depth at your chosen area of study and do you feel you are able to manage the workload and time management that is needed? Knowledge was known to participant 2 who has studied previous in the chosen area of study and is aware of the workload it requires. However unaware of the course details, participant 1 has concerns over the workload. Time management is highly apparent to be a concern as participant 2 has family commitments and participant 1 has an active social life which will create difficulties for studying. Q4. Are you able to financially support yourself and if so, by what means? Also, did the cost of your chosen course hinder your decision in anyway? Neither of the participants have concerns when it comes to the cost of their chosen areas of study, as both participants have jobs. Moreover, participant 1 has previous application success from student finance giving positive support.>GET ANSWER