FASB (Financial Accounting Standards Board) proposal changes retiree healthcare benefit accounting
Grimaldi, P.L.; Bertko, J.M.
Healthcare Financial Management Journal of the Healthcare Financial Management Association 43(7): 48-9 52-4 56-7
1989
ISSN/ISBN: 0735-0732 PMID: 10293219 Document Number: 331599
The Financial Accounting Standards Board (FASB) recently issued an exposure draft (ED) of a standard that would change the way organizations account for their employees' post-retirement healthcare benefits. According to the ED, organizations would have to switch from cash accounting to accrual accounting for post-retirement benefits as well as record their retiree healthcare liabilities on their balance sheets by 1992.