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FAS 112: What you need to know now about accounting for postemployment benefits
Author(s) -
Scott Diana J.,
Petrone Kimberley Ryan
Publication year - 1993
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.3970040302
Subject(s) - variety (cybernetics) , business , accounting , actuarial science , economics , computer science , artificial intelligence
Abstract Up to now, employers have used a variety of methods to account for postemployment benefits. But FAS 112 changes all that. Employers now must accrue the expected cost of benefits likely to be paid.