Postemployment benefits: The controversy over accrual accounting

Goldstein, Murray H.; Akresh, Murray S.
September 1987
Financial Executive;Sep/Oct87, Vol. 3 Issue 5, p34
Academic Journal
This article examines the effect of accounting for nonpension postemployment benefits during employees' working lives on financial statements. As the cost of these benefits rises many people believe these financial commitments should be included in some way on a firm's balance sheet. The Financial Accounting Standards Board is considering issuing statements to that effect. The author includes some proposed impacts of accrual accounting such as increased expenses, changes in tax policy, and higher liabilities.


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