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FASB issues proposed taxonomy implementation guide on measurement date practical expedient for defined benefit plans

  • FASB (US Financial Accounting Standards Board) Image

Jun 30, 2015

The FASB has issued a proposed U.S. GAAP financial reporting taxonomy (UGT) implementation guide to “demonstrate the modeling of disclosures related to the practical expedient for the measurement date of an employer’s defined benefit obligation and plan assets.”

The im­ple­men­ta­tion guide con­tains ex­am­ples il­lus­trat­ing two dis­clo­sure sce­nar­ios:

  1. Reconciliation of employer contributions and a settlement after the measurement date but before the fiscal year-end date.
  2. Reconciliation of employer contributions and a settlement before the measurement date but after the fiscal year-end date.

Com­ments on the UGT im­ple­men­ta­tion guide are due by August 28, 2015. The guide is avail­able on the FASB’s Web site.

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Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.