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The new IAS 19: Understanding the emerging rules for employee benefits accounting
Author(s) -
Akresh Murray S.,
Hassan Kevin P.
Publication year - 1998
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/(sici)1097-0053(199823)10:1<57::aid-jcaf6>3.0.co;2-7
Subject(s) - accounting , competitor analysis , business , accounting standard , financial accounting , action plan , benchmark (surveying) , accounting information system , economics , marketing , management , geodesy , geography
The growing importance of international accounting standards may lead to significant changes in accounting for employee benefits in the United States. But how does the new IAS 19 international standard differ from FASB standards? And if your competitors are following IAS, what must you know to evaluate its impact on your financial statements as a benchmark against those companies? The authors explain these issues, and recommend a corporate action plan for those firms that need to adopt the latest standard. © 1998 John Wiley & Sons, Inc.