MortalityMan
04-30-2008, 02:33 PM
the solution to question #2 of the 2007 exam says:
FASB rules recommend explicit assumptions to use in the development of plan costs whereas GASB rules emphasize plan terms in the development of the OPEB costs.
anyone care to expand on that? Does that mean FASB is more specific in the way the val is to be done? FASB doesn't emphasize plan terms?
FASB rules recommend explicit assumptions to use in the development of plan costs whereas GASB rules emphasize plan terms in the development of the OPEB costs.
anyone care to expand on that? Does that mean FASB is more specific in the way the val is to be done? FASB doesn't emphasize plan terms?