How might pre-codification fasb statement impact

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Reference no: EM13142636

Does Accounting Have Political Consequences?

Let’s go back in time to 1990. C.B. Seabright, a U.S. congresswoman, has just received from her staff an analysis of pre-codification FASB Statement Bo. 106, “Employers’ Accounting for Postretirement Benefits Other Than Pensions.” This is the standard that switched accounting for retiree health care benefit plans from a pay-as-you-go basis to an accrual basis (like that used for defined benefit pension plans). Seabright is very influential in the formation of tax legislation and in federal regulation of employer-provided health care plans. How might pre-codification FASB Statement No. 106 impact Seabright’s legislative agenda?

Reference no: EM13142636

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