SAT Case 4-7-Power Point-sp. 2010

SAT Case 4-7-Power Point-sp. 2010 - Click to edit Master...

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Unformatted text preview: Click to edit Master subtitle style 6/5/10 Case 4-7 Hilary Johnson Marge Harrell 6/5/10 SFAS 106  Requires postretirement benefits Must accrue postretirement benefits during employees service Instead of cash method Expense as benefits occur. 6/5/10 a. Should financial reporting requirements affect managements  Yes, because it is managements job to maximize their corporations net income. Financial reporting requirement can have a huge affect on their financial statements. Causing management to perform a cost/benefit analysis. ( No, Management decisions should not be affected by financial reporting requirements. Financial reporting should be neutral. This is if management is making good decisions.) 6/5/10 a. Should management reduce or eliminate postretirement benefits  If the change in reporting requirements has a large negative effect on their Financial statements...
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This note was uploaded on 06/04/2010 for the course ACCT 5120 taught by Professor Drstone during the Spring '10 term at UCM.

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SAT Case 4-7-Power Point-sp. 2010 - Click to edit Master...

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