Evaluating new pension standards

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Reference no: EM131315744

Research Case—Evaluating New Pension Standards. In July, 2012, GASB issued two new statements, GASBS Nos. 67 and 68, related to governmental pension reporting. These new standards replace the pension accounting practices found in GASBS Nos. 25 and 27, and more closely align pension reporting for governments with that of for-profit organizations. GASBS No. 67 was effective for plan fiscal years beginning after June 15, 2013, while GASBS No. 68 was effective for plan fiscal years beginning after June 15, 2014

a) compares and contrasts the old and new standards.

Reference no: EM131315744

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