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dc.contributor.authorMulford, Charles W.
dc.contributor.authorQuinn, Erin
dc.contributor.authorSwanson, Ryan
dc.date.accessioned2008-01-18T16:20:54Z
dc.date.available2008-01-18T16:20:54Z
dc.date.issued2008-01
dc.identifier.urihttp://hdl.handle.net/1853/19233
dc.description.abstractSFAS No. 158, released in September 2006, eliminates delayed recognition of pension plan and other post employment benefits (OPEB) components. For most companies, the changes caused by the adoption of SFAS No. 158 resulted in a reduction in assets, an increase in liabilities and a decline in shareholders' equity. In the first part of this research report, we examine changes to the balance sheet and its effects on measures of leverage and profitability for the 30 companies in the Dow Jones Industrial Average caused by the initial adoption of SFAS No. 158. In the second part of the report, we concentrate on likely other future pension accounting changes that could impact financial statements even further. In particular, we examine the possible effects on pension expense and income from continuing operations if full pension costs were recognized in income, instead of flowing through other comprehensive income. Using the past five years as a guide, we see a decided increase in earnings volatility that would result from such an accounting change.en_US
dc.language.isoen_USen_US
dc.publisherGeorgia Institute of Technologyen_US
dc.subjectPensionsen_US
dc.subjectAccountingen_US
dc.titleThe Effects of Enacted and Proposed Pension Accounting Changesen_US
dc.typeTechnical Reporten_US
dc.contributor.corporatenameGeorgia Institute of Technology. College of Managementen_US
dc.contributor.corporatenameGeorgia Institute of Technology. Financial Analysis Laben_US


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