Following on my previous post [accounting for pension], this post specifically provides ways to compute amortization both “Unrecognized Prior Service Cost” and “Unrecognized Gain or Loss” in pension accounting.   How To Compute Amortization Of Unrecognized Prior Service Cost? A company may decide to give pension benefits retroactively to employees who performed services prior to the initiation of the pension plan. For example: if the pension plan was created in 20X5, it may give pension credits to employees for their [...]