Results of OPEB field test show impact on corporate expenses. (includes related article on the Overview of Post-employment Benefits field test) (impact of the proposed Financial Accounting Standards Board standards on post-employment benefits)

Financial Executive, July, 1989 by Akresh, Murray; Bald, Barbara; Dankner, Harold

The Financial Executives Research Foundation conducted a field test of 25 companies to measure the impact of the proposed Financial Accounting Standards Board's Overview of Post-employment Benefits (OPEB). The survey found that the OPEB will have significant financial affects on US corporations due to: the higher expense of accrual accounting than the present pay-as-you-go system; the fact that post-employment benefits plans are underfunded; and that earnings on plan assets will be unavailable to offset higher expenses.

Results of OPEB field test show impact on corporate expenses A field test, sponsored by the Financial Executives Research Foundation, measured the financial impact on 25 companies of the proposed FASB standard on other postemployment benefits. What did the...

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