17
b. Changes in Net Asset Report
Changes
in
net
assets
report
provide
information
regarding changes in the net
assets in the current year with previous year.
c. Balance Sheet
A
Balance
Sheet
provides
the
monetary
condition
of
the
Pension
Fund
at
a
certain
time.
Items
that
presented
in
the
assets
section
of
the
Pension
Fund
balance sheet should include:
Investment
Difference in Investment Valuation
Current Assets Beside
Investment
Operational Assets
Investment
item in
the balance sheet presented
using
historical
value. Investment
on land and building should relate to the accumulated depreciation. Operational
assets presented using historical value.
Items
that
presented
in
the
liabilities section
of
the
Pension
Fund
balance
sheet
should include:
Actuarial Liabilities
Short-term Liabilities
Unearned revenues
Actuarial
liability
is a
long-term
liability
for Pension Fund
with Defined
Benefit
Program.
Because
the
problems
associated
with
the
pension
fund
involve
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