The new pension statement: guide to application
Article Abstract:
Statement of Financial Accounting Standard No. 87 (SFAS 87), 'Employer's Accounting for Pensions,' issued by the Financial Accounting Standards Board in Dec 1985, will force all companies to use the same actuarial cost method when accounting for pension plans, will mandate the incorporation of future events into the periodic evaluation of pension expenses, and will expand disclosure requirements related to pension plan costs. SFAS 87 becomes effective for financial statements issued after Dec 15, 1986, but does not become fully effective until 1989. Pension cost calculations and disclosures under the new standard are explained, as are computations of the six plan cost components identified by the standard: plan service costs, interest, actual returns on investment, amortization of prior service costs, net gain or loss in plan costs, and net obligation.
Publication Name: The Woman CPA
Subject: Women's issues/gender studies
ISSN: 0043-7271
Year: 1987
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Dilution or delusion: a bias in the common stock equivalence test
Article Abstract:
The effect of convertible bonds on 133 primary earnings per share computations was studied. It was found that non-common stock equivalents were more likely to be dilutive than common stock equivalents. This suggests that the potential for distortion renders the common stock equivalence test useless. As the Financial Accounting Standards Board (FASB) shows no inclination to replace the test, it may be more appropriate to include non-common stock equivalents in primary earnings per share and exclude common-stock equivalents.
Publication Name: The Woman CPA
Subject: Women's issues/gender studies
ISSN: 0043-7271
Year: 1991
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