The flattening effect of a new rule

September 1993
U.S. News & World Report;9/13/93, Vol. 115 Issue 10, p16
Comments on FAS 106, an acronym for a Financial Accounting Standards Board rule that all US companies have to adopt by the endo of 1993. The rule requires companies to set aside cash to pay for future retiree benefits, instead of absorbing those costs as they occur. Comments by William Falk of consulting firm Towers Perrin.


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