|
|
Article: The effect of changes in accounting for defined benefit pensions and other postretirement benefit plans on companies' financial statements and stakeholders.(Case study)
- Article from:
- Journal of the International Academy for Case Studies
- Article date:
- March 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 The DreamCatchers Group, LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CASE DESCRIPTION
The primary subject matter of this case concerns changes in accounting for defined benefit pensions and other postretirement benefit plans proposed and promulgated by the Financial Accounting Standards Board (FASB) and their effects on the financial statements of companies that currently sponsor these plans. Secondary, yet important issues are the potential effects of these changes on companies' willingness to offer these plans to their employees, and the resulting potential economic impact on the companies' stakeholders. This case has a difficulty level of three to four and can be taught in about 45 minutes. Approximately two hours of outside ...