The Impact of SFAS 88 Transactions: Puff or Economic Reality?

• Published in: The CPA journal (1975) Vol. 61; no. 10; p. 38
• Main Authors: Haw, In-Mu, Jung, Kooyul, Lilien, Steven B
• Format: Journal Article
• Language: English
• Published: New York New York State Society of Certified Public Accountants 01.10.1991
• Subjects: Accounting; Accounting standards; Amortization; Balance sheets; Costs; Defined benefit plans; Employees; Employers; Financial reporting; Financial statements; Net losses; Off balance sheet items; Pension plans; United States > US

Many companies appear to be using the Financial Accounting Standards Board's (FASB) Statement of Financial Accounting Standards (SFAS) 88 to substantially increase their reported earnings. Companies with plan assets exceeding pension benefit obligations (PBO) have a substantial pool of off-bala...