Accounting for Pensions -- SFAS No. 87

Date of Submission

1992

Document Type

Thesis

Degree Name

Master of Science in Accounting

Department

Accounting

Advisor

Eleanor Fillebrown

LCSH

Pensions--United States--Accounting

Call No. at the Univ. of New Haven Library

AS 36 .N29 Acc. 1992 no.8

Abstract

Pension plan is an important consideration for each company, at the same time, accounting for pensions has been a subject of many controversies. Therefore, SFAS No.87 was issued and was expected to fully explain and disclose the pension accounting in all its complexity.

The principal objectives of SFAS No.87 was to provide a more meaningful and comparable measure of pension cost in the income statement, to improve reporting of financial positions in the balance sheet and to require additional disclosure. However, a series of controversies were raised after SFAS No.87 was issued. The purpose of this thesis is not only to present accounting for pensions but also to discuss these controversies about SFAS No.87.

The sources of research for this thesis were taken from text books, the AICPA original pronouncement and periodicals.

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