Accounting for Pensions and Other Postretirement Benefits
Using the Internet or Strayer databases, go to the FASB website and other resources to research the disclosure of postretirement health care and life insurance benefits.
Write a 4–6 page paper in which you:
Based on your research, compare and contrast the early historical accounting for postretirement health care and life insurance benefits with the guidance or rules in place today.
Based on your research, make at least two recommended changes to the guidance or rules that you believe would improve the financial accounting and reporting of the benefits in question. Provide support for your recommendation.
Predict the significant way the future of accounting for these benefits could change, based on potential changes in the business and political climate that you foresee. Provide support for your predictions.
Create a scenario in which at least two types of postretirement health care and life insurance benefits change. Predict the potential impact of these changes on financial accounting and reporting practices.
Develop an argument that supports your proposed changes in Question 4. Next, create correspondence to your chief financial officer in which you justify your position.
