ACC 563 WEEK 9 ASSIGNMENT 3
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Accounting for Pensions and other Post-Retirement Benefits set 1
Accounting for Pensions and other Post-Retirement Benefits set 2
Using the Internet or Strayer databases, go to the FASB Website,
located at http://www.fasb.org, and
other resources to research the Disclosure of Post retirement Health Care and
Life Insurance Benefits.
Write a four to six (4-6) page paper in which you:
- Based on your
research, compare and contrast the early historical accounting for
Postretirement Health Care and Life Insurance Benefits with the guidance /
rules in place today.
- Based on your
research, make at least two (2) recommended changes to the guidance /
rules that you believe would improve the financial accounting and
reporting of the benefits in question. Provide support for your
recommendation.
- Predict the
significant manner in which the future of accounting for these benefits
could change, based on potential changes in the business and political
climate that you foresee. Provide support for your prediction(s).
- Create a scenario
in which at least two (2) types of Postretirement Health Care and Life
Insurance Benefits change. Predict the potential impact of these changes on
financial accounting and reporting practices.
- Develop an
argument that supports your proposed changes in Question 4. Next, create
correspondence to your Chief Financial Officer in which you justify your
position.
- Use at least three
(3) quality references.
Note: Wikipedia and other Websites do not
quality as academic resources.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12),
with one-inch margins on all sides; references must follow APA or
school-specific format. Check with your professor for any additional
instructions.
Include a cover page containing the title of the assignment, the
student’s name, the professor’s name, the course title, and the date. The cover
page and the reference page are not included in the required page length.
The specific course learning outcomes associated with this
assignment are:
Analyze the key elements related to accounting for leases,
pension funds, and other post- retirement benefits.
Use technology and information resources to research issues in
tax research and planning.
Write clearly and concisely about tax research and planning
using proper writing mechanics.
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