Tuesday, January 31, 2006
Expected Changes in Pension Accounting Finds Dramatic Impact Likely on Companies' Financial Statements
Based on an analysis of changes in the accounting rules for pensions and other postretirement benefits expected to be proposed by the Financial Accounting Standards Board (FASB) in March, Towers Perrin found that the Fortune 100 companies that sponsor defined benefit plans would have been required to recognize an additional liability of $331 billion on their balance sheets at year-end 2004, instead of the $62 billion that was on the balance sheet at that time.
Expected Changes in Pension Accounting Finds Dramatic Impact Likely on Companies' Financial Statements
Source: Towers Perrin
Expected Changes in Pension Accounting Finds Dramatic Impact Likely on Companies' Financial Statements
Source: Towers Perrin
Permalink posted by armandn @ 1:15 PM 
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