FTSE100 companies' median liabilities jumped about 20% last year due to changes in accounting assumptions, Mercer research reveals.
Proposals to amend accountancy standard IAS19 could cut the earnings of UK firms by as much as £10bn, accountants and actuaries warn.
The International Accounting Standards Board has published an exposure draft of proposed amendments to IAS19, dealing with how pension costs are recorded in company accounts.
GLOBAL - The International Accounting Standards Board has published an exposure draft of proposed amendments to IAS19, dealing with how pension costs are recorded in company accounts.
UK - The International Accounting Standards Board (IASB) has confirmed it will no longer allow companies to use the corridor method in their accounting.
Proposed changes to pension accounting standards have, once again, raised fears across the industry.
GLOBAL - The International Accounting Standards Board has issued the official draft of its proposal to eliminate the use of government bonds to determine discount rates.
The International Accounting Standards Board has issued the official draft of its proposal to eliminate the use of government bonds to determine discount rates.
UK/IRELAND - The Accounting Standards Board is currently sounding out opinion on proposed changes to accounting standards for UK and Irish companies.