Employers' Accounting for Postretirement Benefits Other Than Pensions
Title | Employers' Accounting for Postretirement Benefits Other Than Pensions PDF eBook |
Author | Financial Accounting Standards Board |
Publisher | |
Pages | 220 |
Release | 1990 |
Genre | Compensation management |
ISBN |
Employer Accounting for Pension Costs and Other Post-retirement Benefits
Title | Employer Accounting for Pension Costs and Other Post-retirement Benefits PDF eBook |
Author | Harold Dankner |
Publisher | |
Pages | 240 |
Release | 1981 |
Genre | Business & Economics |
ISBN |
Accounting and Financial Reporting for Pension Plans of Governmental Units (public Employee Retirement Systems)
Title | Accounting and Financial Reporting for Pension Plans of Governmental Units (public Employee Retirement Systems) PDF eBook |
Author | National Council on Governmental Accounting |
Publisher | |
Pages | 30 |
Release | 1980 |
Genre | Civil service |
ISBN |
Accounting and Auditing for Employee Benefit Plans
Title | Accounting and Auditing for Employee Benefit Plans PDF eBook |
Author | Geoffrey M. Gilbert |
Publisher | |
Pages | 254 |
Release | 1978 |
Genre | Pension trusts |
ISBN |
Employers' Disclosures about Pensions and Other Postretirement Benefits
Title | Employers' Disclosures about Pensions and Other Postretirement Benefits PDF eBook |
Author | Financial Accounting Standards Board |
Publisher | |
Pages | 40 |
Release | 1998 |
Genre | Accounting |
ISBN |
Accounting for Pensions and Postretirement Benefits
Title | Accounting for Pensions and Postretirement Benefits PDF eBook |
Author | Yuliana Hartono |
Publisher | |
Pages | |
Release | 2018 |
Genre | |
ISBN |
Statement of Financial Accounting Standards No. 87 - Employers' Accounting for Pensions (SFAS No. 87) and Statement of Financial Accounting Standards No. 106 - Employers' Accounting for Postretirement Benefits other than Pensions (SFAS No. 106) allow firms to compute the expected return on plan assets by multiplying rate of return assumptions by fair values or smoothed fair values (moving averages of fair values) of plan assets. In an equity market with large price changes, the smoothed fair value of plan assets can differ considerably from the fair value. For example, during the strong bull market of the late 1990s, fair values exceeded smoothed fair values by more than 20 percent for some firms. This study examines the financial statement effect of using smoothed fair values instead of fair values and whether the market adjusts for these different accounting choices. We find that a majority of our sample uses some form of smoothed fair value to compute expected returns. Further, smoothing reduces earnings per share by more than 4.0% (9.8%) for the upper quarter (tenth) of our firms depending on the year. We find limited evidence that the market adjusts equity prices for income differences caused by firms using smoothed fair values instead of fair values.
Accounting for and Reporting of Postretirement Medical Benefit (401(h)) Features of Defined Benefit Pension Plans
Title | Accounting for and Reporting of Postretirement Medical Benefit (401(h)) Features of Defined Benefit Pension Plans PDF eBook |
Author | American Institute of Certified Public Accountants. Employee Benefit Plans Committee |
Publisher | |
Pages | 46 |
Release | 1999 |
Genre | Defined benefit pension plans |
ISBN |