Proposed Changes to Pension and Other Post Retirement Benefits Disclosure Requirements

Share Button

On January 26, 2016, the Financial Accounting Standards Board issued two new proposed Accounting Standards Updates in an effort to improve the presentation of Pensions and Other Post Retirement Benefits employers provide to their employees. These proposed amendments are aimed at adding more relevant disclosures to the readers/stakeholders of financial statements and eliminating disclosure requirements that readers/stakeholders told the Financial Accounting Standards Board they didn’t consider to be very important.

The proposed Accounting Standards Updated would be applied retrospectively to all periods presented with the exception of having qualitative disclosures for the plan assets that are measured at net asset …read more

Read more here:: Nonprofit

About

has written 958 post in this blog.

Share Button