Pension fund accounting gets rulemakers' attention

Newswire

By Deepa Babington NEW YORK, Nov 27 (Reuters) - Accounting rulemakers plan to consider changing how companies must account for pension income and expenses, as pension assets pummeled by tumbling stock markets burn a hole in corporate pocketbooks. The Financial Accounting Standards Board, which sets accounting rules in the United States, will discuss whether to improve pension accounting rules in upcoming meetings with its advisory arm, chairman Robert Herz said in an interview. In ...

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