Premium
Employers' guide to FAS 112, postemployment benefit accounting
Author(s) -
Akresh Murray S.,
Latta Judith E.
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.3970040411
Subject(s) - severance , accrual , salary , accounting , business , quarter (canadian coin) , actuarial science , economics , labour economics , earnings , market economy , archaeology , history
By the first quarter of fiscal 1994, employers will be required to adopt accrual accounting for benefits such as disability and severance pay and salary and health care benefit continuations that are provided to former or inactive employees. This article discusses how to approach and comply with the new requirements.