Jove
Visualize
Contact Us
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

Related Experiment Videos

FASB Statement No. 132 simplifies benefits disclosures.

R W Luecke1, C Andrzejewski

  • 1CSA America, Inc., Cleveland, OH, USA.

Healthcare Financial Management : Journal of the Healthcare Financial Management Association
|November 11, 1999
PubMed
Summary

Financial Accounting Standards Board (FASB) Statement No. 132 simplifies disclosures for employers regarding pensions and postretirement benefits. It streamlines requirements for public and nonpublic entities, impacting financial reporting for benefit obligations and costs.

Related Concept Videos

You might also read

Related Articles

Articles linked to this work by shared authors, journal, and citation graph.

Sort by
Same author

Milk studies; some vitamin and trace elements found in the colostrum of the dairy cow, beef cow and swine.

Archives of biochemistry·2010
Same author

The amino acid composition of bovine semen.

The Journal of biological chemistry·2010
Same author

The relationship of nicotinic acid, tryptophane and protein in the nutrition of the pig.

The Journal of nutrition·2010
Same author

Occurrence of Chlamydia trachomatis and Chlamydia pneumoniae in paediatric respiratory infections.

The European respiratory journal·2008
Same author

AICPA standard can help improve audit committee performance.

Healthcare financial management : journal of the Healthcare Financial Management Association·2001
Same author

The FASB explores accounting for future cash flows.

Healthcare financial management : journal of the Healthcare Financial Management Association·2001

Area of Science:

  • Accounting
  • Financial Reporting
  • Corporate Finance

Background:

  • Employers' disclosures for pensions and other postretirement benefits were previously complex.
  • The Financial Accounting Standards Board (FASB) aimed to standardize and simplify these reporting requirements.

Purpose of the Study:

  • To analyze the key changes introduced by FASB Statement No. 132.
  • To inform financial managers, actuaries, and auditors about compliance requirements.

Main Methods:

  • Review of FASB Statement No. 132.
  • Analysis of disclosure requirements for public and nonpublic entities.
  • Identification of eliminated and added disclosures.

Main Results:

Related Experiment Videos

  • FASB Statement No. 132 streamlines disclosures by eliminating certain detailed component disclosures for nonpublic entities.
  • It standardizes disclosures for both pension and other postretirement benefits.
  • New requirements include the disclosure of comprehensive income.

    • Conclusions:

    • The new standard simplifies financial statement disclosures for employers' benefit plans.
    • Collaboration between financial managers, actuaries, and auditors is crucial for accurate compliance with FASB Statement No. 132.