OPEB

FASB Wants New Disclosure on Multi-employer Plans

Tammy Whitehouse September 02, 2010

Accounting rulemakers have published another new accounting rule proposal, this one targeting the transparency of multi-employer pension and other post-retirement benefit plans.The rule would require companies that participate in such plans, such as union pension plans and retirement benefit plans, to provide more information about the fiscal health of the...

Big 4 Offer Guidance on Drug Subsidy Writedowns

Tammy Whitehouse April 06, 2010

Big 4 accounting firms are publishing guidance to help companies understand the tax and accounting consequences of healthcare reform for companies tied into a retiree drug subsidy.Amid political debate, companies are beginning to file their 8-Ks with the Securities and Exchange Commission announcing writedowns in their deferred tax assets as...

Analysts Plan New Adjustments for Pension Accounting

Tammy Whitehouse April 05, 2010

Through the economic crisis, analysts got a stark reminder of how the effect of pension plans and other post-retirement benefit obligations on equity and net income isn’t entirely clear under existing financial reporting requirements, especially in the banking sector.Moody’s recently published a detailed report on how it planned to adjust...

Credit Suisse Predicts $4.5B in Q1 Charges for Health Bill

Tammy Whitehouse March 30, 2010

Washington’s much-celebrated healthcare reform measure has apparently tripped an unexpected accounting consequence, causing major corporations to announce non-cash hits to earnings and prompting Congress to schedule a hearing.Credit Suisse published a report predicting S&P 500 companies in total will take charges to their first-quarter earnings to reduce their deferred tax...

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Survey of the Week

Deloitte is conducting their annual Look Before You Leap: Managing Risks in Global Investments survey to better understand the approaches companies are taking to address compliance and integrity-related risks in emerging markets.