41.An endowment to provide scholarships would be reported in a Private-purpose Trust Fund.
42.Defined contribution pension plans may report unfunded actuarial liabilities.
43.Proprietary funds record unfunded pension obligations as a fund liability.
44.Unfunded pension obligations are not reported in the fund-basis statements for governmental funds.
45.An endowment that is for the benefit of individuals and not the government controlling the funds should be accounted for using a private-purpose trust fund.
46.The Accrual Basis and Current Resource Measurement Focus are used for Private-Purpose, Investment Trust and Pension Funds.
47.The categories on the Statement of Changes in Fiduciary Net Assets are Additions and Deductions.
48.Pension trust funds are required to present a Schedule of Funding Progress and a Schedule of Employer Contributions as required supplementary information.
49.Investments in a private-purpose trust fund should generally be reported at fair market value.
50.Investments in a pension trust fund should generally be reported using fair market value.