Market Related Values And Pension Accounting

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Market Related Values And Pension Accounting

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Author : Paquita Y. Davis-Friday
language : en
Publisher:
Release Date : 2005

Market Related Values And Pension Accounting written by Paquita Y. Davis-Friday and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.

Statement of Financial Accounting Standards No. 87 - Employers' Accounting for Pensions (SFAS No. 87) and Statement of Financial Accounting Standards No. 106 - Employers' Accounting for Postretirement Benefits other than Pensions (SFAS No. 106) allow firms to compute the expected return on plan assets by multiplying rate of return assumptions by fair values or smoothed fair values (moving averages of fair values) of plan assets. In an equity market with large price changes, the smoothed fair value of plan assets can differ considerably from the fair value. For example, during the strong bull market of the late 1990s, fair values exceeded smoothed fair values by more than 20 percent for some firms. This study examines the financial statement effect of using smoothed fair values instead of fair values and whether the market adjusts for these different accounting choices. We find that a majority of our sample uses some form of smoothed fair value to compute expected returns. Further, smoothing reduces earnings per share by more than 4.0% (9.8%) for the upper quarter (tenth) of our firms depending on the year. We find limited evidence that the market adjusts equity prices for income differences caused by firms using smoothed fair values instead of fair values.

Footnotes Aren T Enough

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Author :
language : en
Publisher:
Release Date : 2008

Footnotes Aren T Enough written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Pensions categories.

Financial Accounting For Pensions

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Author : Mark J. Warshawsky
language : en
Publisher:
Release Date : 1990

Financial Accounting For Pensions written by Mark J. Warshawsky and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Defined benefit pension plans categories.

Accounting For Employee Pension Obligations In Government Financial Statements

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Author : Canadian Institute of Chartered Accountants. Public Sector Accounting and Auditing Committee
language : en
Publisher:
Release Date : 1988

Accounting For Employee Pension Obligations In Government Financial Statements written by Canadian Institute of Chartered Accountants. Public Sector Accounting and Auditing Committee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Canada categories.

A Guide To Implementation Of Statement 87 On Employers Accounting For Pensions

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Author : Joan Lordi Amble
language : en
Publisher:
Release Date : 1986

A Guide To Implementation Of Statement 87 On Employers Accounting For Pensions written by Joan Lordi Amble and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Accounting categories.

Fair Value And Pension Fund Management

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Author : Niels E. Kortleve
language : en
Publisher: Emerald Group Publishing
Release Date : 2006-05-01

Fair Value And Pension Fund Management written by Niels E. Kortleve and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-05-01 with Political Science categories.

Written in accordance with the rules set by the International Accounting Standards Board, this work deals with the application of fair-value principles to accounting for pensions. It is of interest to pension professionals, pension fund trustees, and regulators.

Accounting For Pensions

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Author : Kenneth William Shaw
language : en
Publisher:
Release Date : 1995

Accounting For Pensions written by Kenneth William Shaw and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with categories.

A Comparison And Contrast Of German And International Financial Reporting Issues Accounting For Pensions Ias 19 Versus German Law

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Author : Stefan Tzschentke
language : en
Publisher: GRIN Verlag
Release Date : 2007-08

A Comparison And Contrast Of German And International Financial Reporting Issues Accounting For Pensions Ias 19 Versus German Law written by Stefan Tzschentke and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-08 with Business & Economics categories.

Seminar paper from the year 2004 in the subject Business economics - Accounting and Taxes, grade: 1,7, University of Bayreuth, 52 entries in the bibliography, language: English, abstract: Although accounting for company pension schemes is one of the most controversial topics of discussion in the international accounting trade, many investors do not pay it due attention. In future, even more so than now, annual results will be influenced by latent reserves and obligations, resulting from different ways of accounting for pension benefit schemes. German financial statements and those following either IAS or US-GAAP often differ significantly on this point. The International Accounting Standards and the German Commercial Code are based on different principles. Whereas German regulations are dominated by the imperative of the protection of creditors, IAS lay the focus of accounting on a true and fair view of financial statements in order to provide a suitable basis for investment decisions. These divergent priorities are reflected in the accounting for pensions as well. The two main problems in accounting for pensions are the recognition and the appraisal of pension provisions. Eventually both accounting systems face the same problems and each one has a different way of resolving them. On the other hand, HGB and IAS unanimously agree on the fact that company pension schemes that do not require pension provisions, do not represent an accounting problem. The objective of the treatise on hand is the depiction of the difference between IAS and HGB regarding the recognition and accounting for pension as well as the resulting accounting-effects on the balance-sheet. The paper will first try to give an overview of the term 'pensions' as it is used in German law and in the IAS, and then - in the second part of the bases- explain the underlying problematic nature of accounting for pensions. In the third and fourth part the respective regulations, first according to German law an

Statement Of Financial Accounting Standards No 87

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Author :
language : en
Publisher:
Release Date : 1985

Statement Of Financial Accounting Standards No 87 written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with categories.

The Impact Of Fair Value Accounting On Firms Performance And Pension Assets

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Author : Shaofeng Zheng
language : en
Publisher:
Release Date : 2017

The Impact Of Fair Value Accounting On Firms Performance And Pension Assets written by Shaofeng Zheng and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Fair value categories.

My dissertation comprises of two essays: 1) The Effects of Fair Value Measurements (IFRS 13) on Operating Performance and Market Performance, and on Value Relevance of Firms across European Countries; 2) The Disclosure of Fair Value Pension Asset under SFAS No. 158, Pension Assumptions, and Earnings Manipulation. Fair value accounting has been gained a spotlight over years. My first essay focuses on Fair Value measurements (IFRS13), which provides a single source for all fair value measurements, and clarifies the definition of fair value and enhance the disclosures. I examine the effect of IFRS 13 fair value on operating performance, the market reaction to the key event of the announcement date of IFRS 13 adoption, and the effect on value relevance in the context of IFRS 13 adoption by a large sample of five countries in European Union: France, Germany, Italy, Spain, and United Kingdom from 2010 to 2014. Evidences from the analyses of the models revealed that the operating performance overally decreased after IFRS 13 adoption in France and Germany but increased in Italy, Spain and United Kingdom based on some ratios to evaluate the operating performance. Firms with higher ROA in pre-IFRS 13 might report more consecutive earnings after IFRS 13 adoption than firms with lower ROA in pre-IFRS 13. Market reaction was tested on the key event of IFRS 13 adoption: the announcement date of IFRS 13. The results of the event study indicate that the cumulative abnormal returns (CAR) are negatively associated with the release date of IFRS 13 adoption, suggesting that European markets' reaction has been somewhat negative to IFRS 13. The adjustment to earnings per share model suggests mixed evidence of a increase in value relevance. In summary, European market may perceive IFRS 13 as an important in financial reporting or a reduction in the formation asymmetry and these results have implications for investors, auditors, and educators. In September 2006, Statement of Financial Accounting Standard (SFAS) No. 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans, required firms to disclose and recognize the full funded status of defined benefit pension plans in the balance sheet instead of only in the footnote. Comparing with recognition, there are limited researches about the effect of the disclosure of fair value pension assets on the expected rate of return (ERR). Therefore, my second essay examines the association between the disclosure of fair value pension plan assets under SFAS No. 158 and ERR. Empirical results support that firms with the Level-3 fair value of pension assets are more like to inflate ERR and are more like to meet ERR through the actual rate of return (ARR) of the Level-3 fair value of pension assets. In addition, I explore the relationship between the disclosure of fair value pension plan assets and earnings target through ERR management. The results document that firms with the Level-3 fair value pension asset more like to achieve earnings target when they marginally fall short of earnings expectations. Such disclosures could improve the efficient use of the information by market participants.