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