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- Title
Pension Accounting and the Balance Sheet: The Potential Effect of the FASB's Preliminary Views.
- Authors
Morris, Michael H.; Nichols, William D.
- Abstract
The FASB's Preliminary Views on pension accounting currently under consideration have aroused considerable controversy. This article reports on a study of 764 companies and the effect adoption of the Preliminary Views would have on these companies' pension funding position and debt ratios assuming zero, low, average, and high salary progressions. These results are contrasted with the effect under the SFAS No. 36 footnote presentation. Significant increases would result in average debt ratios, and a mean net asset pension position would change to a significant pension liability position if salary progressions are required.
- Subjects
PENSIONS; ACCOUNTING; FINANCIAL statements; ACCOUNTING standards; STATEMENTS of standard accounting practice
- Publication
Journal of Accounting, Auditing & Finance, 1984, Vol 7, Issue 4, p293
- ISSN
0148-558X
- Publication type
Article