Using pension expense to manage earnings: implications for FASB standards.

Academy of Accounting and Financial Studies Journal;  September 1, 2007 ;   Parker, Paula Diane Sale, Martha Lair;   787 words ......manage their reported earnings. This paper...evidence that pension expense is an active...their actual pension expense to reduce their actual reported earnings. Both groups...firms use pension expense as a lever...manage actual reported ...

Hershey Foods Clarifies 2003 Pension Expense.

PR Newswire;  February 11, 2003 ;     312 words ......today announced that it expects 2003 pension expense to be approximately $12 million...2003, the Company indicated 2003 pension expense would be similar to or slightly below 2002 pension expense. The increased 2003 pension expense...

DB and DC plans face trillion-dollar time bomb.

Pensions & Investments;  March 18, 2002 ;   Arnott, Robert D.;   787 words ......trillion-dollar time bomb, in the form of unrealistic pension return expectations. It affects defined benefit...Alarming, yes. Alarmist, no. The average U.S. pension sponsor assumes nearly a 9% return for plan assets, in gauging the earnings impact and pension expense. This figure is actually ...

THE EARNINGS IMPLICATIONS OF PENSION EXPENSE: A STOCHASTIC ANALYSIS OF TEN...

North American Actuarial Journal;  October 1, 2005 ;   Joss, Paul;   787 words ......that quantifies how the volatility of pension expense for a sample of ten Canadian companies...3460 prior to December 1, 1986, the pension expense that a company recorded for accounting...paper explores two key features of pension expense as calculated under CICA 3461. 1.2...

Pechiney has reported earnings from operations in the first quarter of...

Cosmetics International Cosmetic Products Report;  May 1, 2003 ;     36 words ...* Pechiney has reported earnings from operations in the first quarter of 2003 of [euro]72m. This is down 31% from the same period last year, but represents a slight increase over earnings from operations in the last quarter of 2003.

EARNINGS HELP: MCCORMICK CHANGES ITS MATH; PENSION EXPENSE CALCULATION...

Pensions & Investments;  June 28, 1999 ;   Williams, Terry;   568 words ......McCormick Co. Inc. changed the manner in which it calculates its pension expense and boosted the company's earnings. The change resulted in...reflection of current market value and it reduces volatility in the pension expense going forward.

NCR REPORTS FINANCIAL GROWTH

Dayton Daily News;  July 30, 2004 ;   Shannon Joyce Neal sjneal@DaytonDailyNews.com;   364 words ......experienced double-digit growth. NCR reported earnings of $122 million, or $1.27 per share...percent to $453 million NCR had a pension expense of $32 million in the second quarter...enough interest income to eliminate the pension expense in 2007 if the current economic conditions...

SEIU Analysis Reveals Intel's Stock Options Policy Causes $3 Billion...

PR Newswire;  May 12, 2004 ;     289 words ......value of employee stock options, its reported earnings over the last three years would have...reported profits by 18. * In 2002, Intel reported earnings of $3.117 billion but did not expense...subtracting the value of option grants from reported earnings. Prominent figures in the ...

Thomson Reports Strong Earnings Growth in 2003; Accelerated Revenue Growth...

PR Newswire;  February 12, 2004 ;     787 words ......professional customers, today reported earnings per share for full-year...tax rate and increased pension expense in 2003. * Revenues were...partially offset by higher pension expense in 2003. Adjusted EBITDA...0.04 per share higher pension expense in 2003, primarily ...

Pension Deficits Could Cost Firms Billions

The Washington Post;  April 17, 2003 ;   Albert B. Crenshaw;   724 words ......away billions of dollars in cash and reported earnings in the next few years unless the market...cash out, but can record a negative pension "expense" that adds to the bottom line. The...you had a credit coming out of the pension expense calculation," Ehrhardt said. "That...

ATK Reports First-Quarter Earnings of 72 Cents per Share.

PR Newswire;  August 5, 2004 ;     787 words ......space systems, today reported earnings per share for the...closure costs, and pension expense amounting to 10 cents per share versus pension expense of 6 cents per share...charge and higher pension expense in the current quarter...

Cost-cutting measures pay off for Dayton, Ohio-based ATM maker NCR.

Knight Ridder/Tribune Business News;  July 30, 2004 ;     423 words ......experienced double-digit growth. NCR reported earnings of $122 million, or $1.27 per share...percent to $453 million. NCR had a pension expense of $32 million in the second quarter...enough interest income to eliminate the pension expense in 2007 if the current economic conditions...

GM Provides Update on U.S. Pension Plans; - U.S. Hourly And Salaried Plans...

PR Newswire;  December 12, 2003 ;     787 words ......results achieved through Nov. 30, 2003. GM expects pretax pension expense to decline by approximately $1.1 billion in 2004 to $1.5...offering are expected to offset some of the decrease in pension expense, resulting in an overall net reduction in pension and related...

ATK Second-Quarter Earnings From Continuing Operations Increase 27 Percent...

PR Newswire;  October 30, 2003 ;     787 words ...ATK (Alliant Techsystems) today reported earnings per share from continuing operations...year ago. Excluding the effect of pension expense, which was approximately $8 million...includes an estimated increase in pension expense in FY05 of $14 million or 22 cents...

DuPont Updates 4Q Reported Earnings Outlook to Reflect Restructuring, Tax...

PR Newswire;  December 11, 2006 ;     691 words ......company previously announced that 2006 reported earnings were expected to be about $2.86...included in its fourth quarter 2006 reported earnings, providing a net benefit of approximately...items, the company anticipates 2006 reported earnings per share will be about $3.25 per...