As companies and actuaries continue their fight against proposed new accounting rules that would require companies to show pension obligations based on projected future earnings, the Securities and Exchange Commission’s chief accountant has made clear that he favors the rulemakers’ “include everything” approach.
The Financial Accounting Standards Board held six hours’ worth of roundtable discussions last week on its plan to overhaul pension accounting rules. The most contentious discussion focused on the Board’s proposed formula for measuring the pension liability that companies would be required to report on the balance sheet.
