Pension Liability Balance Sheet - Yearly pension expenditure computation and financial statement disclosure of a pension plan's assets and liabilities. In the united states, the financial accounting standards board (fasb) oversees the application of generally accepted accounting principles ( gaap) to pension accounting. A reporting entity should separately disclose the current and noncurrent liabilities recognized if it presents a classified balance sheet.
In the united states, the financial accounting standards board (fasb) oversees the application of generally accepted accounting principles ( gaap) to pension accounting. Yearly pension expenditure computation and financial statement disclosure of a pension plan's assets and liabilities. A reporting entity should separately disclose the current and noncurrent liabilities recognized if it presents a classified balance sheet.