The Evaluation Relevance of Pension Accounting Information: SFAS 87 vs. Fair Value

2007 ◽  
Author(s):  
Edward M. Werner
Keyword(s):  
Accounting Information ◽  
Fair Value ◽  
Pension Accounting

scholarly journals Empirical Analysis of Retirement Pension and IFRS Adoption Effects on Accounting Information: Glance at IT Industry

2014 ◽  
Vol 2014 ◽  
pp. 1-6
Author(s):  
JeongYeon Kim
Keyword(s):  
Data Analysis ◽  
Accounting Information ◽  
Published Data ◽  
It Industry ◽  
Pension Accounting ◽  
Retirement Pension ◽  
Financial Report ◽  
Financial Regulations ◽  
Ifrs Adoption ◽  
Public Announcement

This study reviews new pension accounting with K-IFRS and provides empirical changes in liability for retirement allowances with adoption of K-IFRS. It will help to understand the effect of pension accounting on individual firm’s financial report and the importance of public announcement of actuarial assumptions. Firms that adopted K-IFRS had various changes in retirement liability compared to the previous financial report not based on K-IFRS. Their actuarial assumptions for pension accounting should be announced, but only few of them were published. Data analysis shows that the small differences of the actuarial assumption may result in a big change of retirement related liability. Firms within IT industry also have similar behaviors, which means that additional financial regulations for pension accounting are recommended.

The role of using fair value on relevance and representation faithfulness of accounting information in accordance with the Common Conceptual Framework (FASB-IASB)

2019 ◽  
Vol 118 (12) ◽  
pp. 142-165
Author(s):  
Dr. Nada Kaki Bira ◽  
Layla Naji Majeed Al Fatlawi
Keyword(s):  
Conceptual Framework ◽  
Accounting Information ◽  
Fair Value ◽  
Fair Value Accounting ◽  
Global Trend ◽  
The Common ◽  
Relationship Of ◽  
The Impact ◽  
The Relationship

The global trend towards the use of fair value accounting is increasing, so the current study aimed to maximize the impact of fair value application on achieving relevance and representation faithfulness of accounting information in accordance with the common conceptual framework. To achieve the objective of this study, the researcher has determined in the theoretical framework the relationship of fair value with the characteristics of relevance and representation faithfulness of accounting information and the extent of achieving these characteristics, as well as conducting a field study by preparing a questionnaire distributed to a sample of academics (50) and auditors (50) with a total number of selected participants (100) of academics and auditors.

Fair-Value Pension Accounting

2006 ◽  
Author(s):  
Rebecca N. Hann ◽  
Frank Heflin ◽  
K.R. Subramanyam
Keyword(s):  
Fair Value ◽  
Pension Accounting

Pension accounting reform and future cash flow predictability

2017 ◽  
Vol 9 (1) ◽  
pp. 86-108
Author(s):  
Michael T. Dugan ◽  
Elizabeth H. Turner ◽  
Clark M. Wheatley
Keyword(s):  
Financial Crisis ◽  
Design Methodology ◽  
Accounting Information ◽  
Empirical Support ◽  
Financial Statements ◽  
Cash Flows ◽  
Pension Accounting ◽  
Content Type ◽  
Independent Variables ◽  
Future Cash Flows

Purpose This paper aims to examine the association of accruals and disaggregated pension components with future cash flows and also to investigate whether investors distinguish between pension information that is recognized (SFAS 158) versus disclosed (SFAS 132). Design/methodology/approach Regression analysis is used with a proxy for expected future cash flows as the dependent variable, and the components of pension disclosures as well as controls for the 2008-2009 financial crisis as the independent variables. Findings The results reveal that incorporating disaggregated pension components increases the ability to predict future cash flows, and that investors attach different pricing multiples to the various components in the models. The authors also find that during the 2008-2009 financial crisis, the signs of the coefficients on these components changed. Finally, the results indicate that investors assign more significance to pension accounting information that is recognized, as opposed to disclosed, and that disclosure affects the allocation of pension assets. Originality/value The authors provide empirical support for the conjecture posited by Amir and Benartzi (1998) that the prediction of future cash flows will be enhanced by the incorporation of the components of pension assets and liabilities. Importantly from a standard setting perspective, the authors also find evidence that investors assign more significance to pension accounting information that is recognized in the financial statements than to pension information that is disclosed.

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