Heads Up on FASB's new pensions standard

  • Heads Up Image

06 Oct 2006

In our news story of 30 September 2006 we reported on FASB Statement No. 158 Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans.

Deloitte & Touche LLP (United States) has published a new edition of the Heads Up newsletter summarising FASB's new standards. Statement 158 requires most publicly-traded companies to fully recognise an asset or liability for the overfunded or underfunded status of their benefit plans in financial statements for years ending after 15 December 2006. For non-public entities, the effective date is fiscal years ending after 15 June 2007. Click to Download the Heads Up Newsletter (PDF 120k).

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.