Napier, Christopher (2008) Logic of pension accounting.
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Accounting for pensions has been a problem for standard setters for over 30 years. Early attempts to develop accounting standards were based on a cost orientation and reflected funding considerations. More recently, a balance sheet focus has led to issues over identification and measurement of pension liabilities and assets. Accounting standards that permit enterprises to ignore, spread or segregate elements of pension cost, or to create artificial cost measures, are open to criticism and are gradually disappearing. The aim of a principle-based pension accounting will be to ‘tell it as it is’, fairly reflecting the rights and obligations of employers, employees and funding vehicles. Moreover, complex pension arrangements cannot be reported simplistically – if users wish to minimise surprises relating to pensions, then enterprises must disclose a rich set of information.
This is a Submitted version This version's date is: 15/12/2008 This item is not peer reviewed
https://repository.royalholloway.ac.uk/items/5314bb7e-7e1e-104f-00b2-5a7a39293bbc/1/
Deposited by () on 23-Dec-2009 in Royal Holloway Research Online.Last modified on 14-Apr-2011
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