Postemployment benefits await accounting standard
Article Abstract:
The Financial Accounting Standards Board is expected to release the new standard Employers' Accounting for Employment Benefits in 1994. The new standard shall require employers who provide postemployment benefits to recognize benefit costs based on accruals over the period the benefits are earned or when the need to provide benefits arises. Postemployment benefits refer to cash or noncash benefits given to employees who are no longer connected to the company for reasons other than retirement.
Publication Name: Pension World
Subject: Human resources and labor relations
ISSN: 0098-1753
Year: 1992
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The new accounting and reporting recommendation in Switzerland: FER 16
Article Abstract:
FER 16 or 'Employee Benefit Obligations' is a new accounting standard that belongs to the Swiss Accounting and Reporting Recommendations. Companies quoted on the Swiss Stock Exchange must conform with these accounting standards as a minimum. FER 16 is concerned with the accounting of pensions in the financial statements of the employer. Its purpose is to indicate the real cost of giving retirement benefits and will be effective on Jan 1, 2000.
Publication Name: Benefits & Compensation International
Subject: Human resources and labor relations
ISSN: 0268-764X
Year: 1999
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Planning for FASB Statement 106: how management can soften the blow
Article Abstract:
FASB Statement 106 led to significant changes for employers in the accounting of postretirement benefits other than pensions. The regulation states that employers must account for these benefits on an accrual basis rather than a cash basis. The greatest impact of these changes will be in the area of health care benefits accounting. Management can decrease this impact by taking advantage of the deferral period in the regulations.
Publication Name: The Journal of Pension Planning & Compliance
Subject: Human resources and labor relations
ISSN: 0148-2181
Year: 1991
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- Abstracts: Politics and employee benefits in the United States: what to expect in 1992. US legislative update under the new presidency
- Abstracts: Employment References: Do You Know the Law? Minimize the danger of giving references
- Abstracts: Twenty years of employee benefits. Health care reform 1996: effect on employer-provided benefits