All articles by Stephen Bouvier – Page 26
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News
Career-average schemes hit by IASB proposals
[16:30 CET 27-03] GLOBAL - Career-average defined-benefit pension plans face substantial upheaval if the International Accounting Standards Board implements its new proposed definition of contribution-based pension plans, two leading pensions consultants have warned.
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Features
Not another dagger?
The recent paper from the UK Accounting Standards Board (ASB) was described by Aon Consulting as “another dagger in the side of final salary pensions”. But when is a dagger not a dagger? Apparently, when an organisation or even an individual does something to draw attention to the increasingly unsustainable ...
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Features
Shifting the goal posts
The scope of IASB’s phase I pensions accounting project has widened since it was announced in July 2006. Stephen Bouvier trawled through the official sound archives to set the record straight
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Features
IASB mulls over average salary
“We can’t pretend that we’re not doing something that we’re doing,” Mary Barth told her fellow IASB members on 19 September. “I think we have to be honest with the world about what we’re doing as opposed to pretending that we are not changing things when we are.”The bad news ...
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Features
Smoothing comes under scrutiny
If the International Accounting Standards Board was looking for praise of its decision to tackle pensions accounting, it found it among members of its recently formed pensions working group at its inaugural 5 June meeting. Although a minority warned the board against creating an era of constant upheaval in pensions ...
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Features
Beyond the headlines
Pension deficit figures make headline news. But how useful is the accounting valuation of a defined-benefit plan’s funding status in assessing whether a plan sponsor can match its obligations? Stephen Bouvier speaks to leading preparers and consultants in a bid to find out
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Features
IFRIC concludes on D19 surpluses
Following a meeting of the International Accounting Standards (IAS) board’s interpretive body in April, the International Financial Reporting Interpretations Committee (IFRIC), Eric Steedman, a senior international consultant with Watson Wyatt, was left pondering one question. What justification IFRIC staff would find within IAS19 for arguing that an additional liability might ...
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Features
The big shake-up
Following a vote in July 2006 by the International Accounting Standards Board to embark on a two-phase project to improve its IAS19 pensions accounting standard, Stephen Bouvier rounds up the developments to date
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Features
Next steps for IAS19
The IFRIC is charged with interpreting accounting standards such as IAS19. Stephen Bouvier examines its current project on the interplay between the asset ceiling and minimum funding requirements
