Write a paper in which you:

1. Based on your research, compare and contrast the early historical accounting for postretirement health c are and life insurance benefits with the guidance / rules in place today.

2. Based on your research, make at least two (2) recommend ed 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.

3. 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 y our prediction(s).

4. 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.

Answer rating: 100% (QA)

Pension as defined in Gordon and Galley 2012 are periodic monetary payments made to a person upon retiring from active employment There are two basic classifications of pension payments The defined be... View the full answer