Financial statements and the FASB retiree health proposal. (Financial Accounting Standards Board) (includes related article on accrual accounting impact)

Financial Executive,  January, 1989  by Dankner, Harold; Meehan, James C.

Tags: accrual, benefit, financial, Financial Accounting Standards Board, financial statement

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The Financial Accountng Standard Board's (FASB) proposed standards will require companies to use accrual accounting for retiree benefits and record liability for these benefits on their balance sheets. A field test study by Coopers & Lybrand using benefit and cost data from 25 participating companies is under way so that measurement and implementation problems that could affect accounting for these benefits can be analyzed. The proposed standards are expected to result in higher expenses and liabilities.

Financial statements and the FASB retiree health proposal

If the FASB's proposal on ...

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