8. Employee Benefit Accounting

Aims and objectives of this chapter

• Review specific accounting issues related to health and welfare employee benefit programs

• Discuss the standards framework for the accounting and reporting of employee benefit programs

• Establish the difference between defined contribution and defined benefit programs within a health and welfare employee benefit structure

• Discuss the relevant points of FASB 965 – Employee Benefits

• Discuss the concept of claims incurred but not reported

• Review the reporting requirements for postretirement health plans

• Discuss the concept of self-funding of health and welfare plans

• Explain self-funding within the ERISA structure

• Review reporting standards for health and welfare ...

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