How do I Revalue a Pension Asset?
Article ID
ias-2849
Article Name
How do I Revalue a Pension Asset?
Created Date
27th June 2006
Product
IRIS Accounts Production
Problem
How do I Revalue a Pension Asset, on the PEN# Chart?
Resolution
PLEASE NOTE: From Version 11.9 all users must be on the new Enhanced EPEN Chart.
Solution:
The following account codes should be used:
Debit the cost e.g. Account 596 with the increase
Credit a Management Expense e.g. Account 90
The Change in Market Value Codes should not be used as there is NO Revaluation Reserve
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