FASB (Financial Accounting Standards Board) proposal changes retiree healthcare benefit accounting

The Financial Accounting Standards Board (FASB) recently issued an exposure draft (ED) of a standard that would change the way organizations account for their employees' post-retirement healthcare benefits. According to the ED, organizations would have to switch from cash accounting to accrual...

Full description

Saved in:
Bibliographic Details
Published in:Healthcare financial management 1989-07, Vol.43 (7), p.48-49
Main Authors: Grimaldi, P L, Bertko, J M
Format: Article
Language:English
Subjects:
Accounting - standards
Accounting and auditing
Accrual basis accounting
Compensation and benefits
Costs and Cost Analysis - standards
Economic trends
Employers
Exposure drafts
FASB exposure drafts
Group health insurance
Health administration
Health Benefit Plans, Employee - economics
Health care
Health care expenditures
Health care industry
Health Services - classification
Insurance, Health - economics
Laws, regulations and rules
Managerial accounting
Pensions
Present value
Reference Standards
Retirees
Retirement
Retirement benefits
United States
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The Financial Accounting Standards Board (FASB) recently issued an exposure draft (ED) of a standard that would change the way organizations account for their employees' post-retirement healthcare benefits. According to the ED, organizations would have to switch from cash accounting to accrual accounting for post-retirement benefits as well as record their retiree healthcare liabilities on their balance sheets by 1992.
ISSN:0735-0732