ension AccountingPension accounting is an issue that has been delayed, debated and, in many respects, is still unresolved in terms of implementation. The Financial Accounting Standards Board (FASB) released Statement of Financial Accounting Standards No. 132, and it is the most recent pronouncement regarding pension accounting. However, before the issuance of SFAS 132, there were other statements used for the accounting of pensions.

History under Prior StandardsThe FASB’s Statement of Financial Accounting Standards No. 87, Employers’ Accounting for Pensions, was published in December 1985. The major provisions under this standard is measuring the cost and reporting the liabilities resulting from defined benefit pension plans. In 1956, the Committee on Accounting Procedure concluded that improvements in pension accounting were ... Showed first 120 words of 1354 Size (words) ...

... Continuing with another 115 out of 1354 Size (words) ...1004. Retrieved September 23, 2007, fromhttp://www.nysscpa.org/cpajournal/2004/1004/essentials/p24.htmFinancial Accounting Standards Board (FASB) (1985). Statement of FinancialAccounting Standards No. 87: Employers’ Accounting for Pensions. RetrievedSeptember 18, 2007, from http://www.fasb.org/pdf/fas87.pdfFinancial Accounting Standards Board (FASB) (1998). Statement of FinancialAccounting Standards No. 132: Employers’ Disclosures about Pensions andOther Postretirement Benefits. Retrieved September 18, 2007, fromhttp://www.fasb.org/pdf/fas132.pdfShaw, K. (2005). SFAS 132(R) and New Pension Disclosures. The CPA Journal, 1005.

Retrieved September 24, 2007, fromhttp://www.nysscpa.org/cpajournal/2005/1005/essentials/p54.htmSoroosh, J., Espahbodi P. (2007). New Accounting Rules for Postretirement Benefits.

The CPA Journal, 107. Retrieved September 19, 2007, fromhttp://www.nysscpa.org/cpajournal/2007/107/essentials/p28.htmAppendixExhibit 1Exhibit 2Generally Accepted Accounting PrinciplesDealing with Postretirement BenefitsEXHIBIT 1EsPostretirement BenefitsPensionsOther Than Pensions• ARB 47; 1956• SFAS 81; 1984• APB Opinion 8; 1966 ...Essay still continues 100 more words...