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- Title
What business needs in order to meet its OPEB obligations.
- Authors
Nehrling, A. Herbert
- Abstract
This article discusses proposed Financial Asset Standards Board standard on accounting for Other Post-Employment Benefits obligations. This has become an issue for corporations because of the magnitude of the expense and liability numbers which will appear on financial statements. Corporations pledged to pay the bulk of the health care costs incurred by their retirees. There are indications that accounting for retirement benefits using accrual accounting rather than pay-as-you-go will be 3.5 times as much.
- Subjects
RETIREMENT benefits; RETIREES; COST accounting; MEDICAL care costs; FINANCIAL disclosure; CORPORATE profits; HEALTH
- Publication
Financial Executive, 1989, Vol 5, Issue 2, p48
- ISSN
0895-4186
- Publication type
Article