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The AAO Weblog covers accounting issues and current events as they relate the practice of investment analysis. All posts prior to September, 2007 are in the public domain, but after September 4, only subscribers to The Analyst's Accounting Observer will see all posts going forward. Only selected, occasional posts will be released to the public domain from September 4 forward.

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FASB: No Change On Postretirement Benefit Plans' Schedule
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Posted by: Jack Ciesielski 7/27/2006 6:38 AM
At yesterday's Board meeting, the FASB reaffirmed its commitment to requiring firms to put the full amount of their net pension and other postemployment benefit plans on their balance sheets. For public companies, those changes will be effective for fiscal years ending after December 15, 2006. That means calendar year-end public companies will be the first to show the effects on their balance sheets.

It's something to keep in mind as companies prepare for the change. They might very well become extremely picky about what goes on the balance sheet as opposed to what they show in a footnote - especially if it's going to be unflattering. So we might be hearing about more changes to pension and OPEB plans in the last half of the year as companies try to minimize their obligations or fine-tune their pension/OPEB assumptions. Stay tuned.
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