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FASB finalizes change, proposes another to compensation rules

Tammy Whitehouse | March 14, 2017

The Financial Accounting Standards Board is making inroads on more accounting change around compensation with new requirements for how companies must account for retirement benefits and a proposal around stock compensation.

In Accounting Standards Update No. 2017-07, the FASB is looking to improve the presentation of net periodic costs associated with pensions and other post-retirement benefits. Historically, GAAP has not specified where a company should display the amount of net benefit cost in a given period in an employer’s income statement, nor has it required entities to disclose by line item the amount of net benefit cost that is included in the income statement or capitalized in assets. 

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