United States

FASB Issues Practical Expedient for Measurement Date of an Employer’s Defined Benefit Plan

Apr 24, 2015
From the Financial Reporting View

This edition of Defining Issues reports that the FASB recently issued guidance to provide a practical expedient for the measurement date of defined benefit plan assets and obligations. Employers with fiscal year-end dates that do not fall on a calendar month-end would be allowed to measure pension and postretirement benefit plan assets and obligations as of the calendar month-end date closest to the fiscal year-end.

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