Dating to relating book cost
Reasons for Issuing This Statement The Board issued this Statement to address concerns that prior standards on employers’ accounting for defined benefit postretirement plans failed to communicate the funded status of those plans in a complete and understandable way.
88, Employers’ Accounting for Settlements and Curtailments of Defined Benefit Pension Plans and for Termination Benefits, Statement 106, and FASB Statement No.The Board recognizes that employers will incur costs to implement this Statement.However, the Board believes that the expected benefits outweigh the costs.This Statement results in financial reporting that is more understandable by eliminating the need for a reconciliation in the notes to financial statements.How the Conclusions Underlying This Statement Relate to the FASB’s Conceptual Framework FASB Concepts Statements No.
Search for dating to relating book cost:
Information must be timely and complete for it to be relevant and reliable.