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Financial Reporting Alerts

Issued as needed to highlight up-to-the-minute accounting, regulatory, or other developments that may require immediate action or that may affect financial reporting and disclosure.

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Most Recent Financial Reporting Alert

Financial reporting considerations related to pension and other postretirement benefits

Financial Reporting Alert 19-2 

This alert highlights some of the important accounting considerations related to the calculations and disclosures entities provide under U.S. GAAP in connection with their defined benefit pension and other postretirement benefit plans. The alert includes a discussion of: 

  • Refinements to an entity’s method of selecting a discount rate. 
  • Considerations related to an entity’s use of a hypothetical bond portfolio and a yield curve and its measurement of components of benefit cost.
  • The effective dates for FASB Accounting Standards Update (ASU) No. 2017-07, which addresses income statement presentation of the components of net periodic benefit cost.
  • The effective dates for ASU 2018-14, which addresses disclosure requirements related to defined benefit plans.
  • Two rulings in 2018 by the High Court of Justice in the United Kingdom related to the equalization of benefits payable to men and women under U.K. defined benefit plans.

 

FRA 19-2, Financial reporting considerations related to pension and other postretirement benefits

Recent Financial Reporting Alerts

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