We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
UNCOVERING THE SILVER LINING IN FAS 112.
- Authors
Miccolis, Jerry A.; Conway, Ann M.
- Abstract
The article reports on the management of workers' compensation costs for corporations in the U.S. The Financial Accounting Standard 112 requires that companies use accrual accounting when recording post-employment benefits such as workers' compensation and disability. Chief financial officers, before December 15, 1995 when the rule takes effect, should be analyzing their workers' compensation costs and planning on how to reduce them. Companies using accrued liability for such benefits could end up with costs that are a minimum of twice an employer's annual cash costs. INSET: BEFORE IMPLEMENTING FAS 112..
- Subjects
RETIREMENT benefits; FASB pronouncement : Statement 112; ACCRUAL basis accounting; WORKERS' compensation; SUPPLEMENTAL unemployment benefits; ACCOUNTING standards
- Publication
Financial Executive, 1993, Vol 9, Issue 5, p61
- ISSN
0895-4186
- Publication type
Article