THE IMPACT OF FASB STATEMENT NO.I 58 ON OIL AND GAS COMPANY FINANCIAL STATEMENTS AND FINANCIAL RATIOS

摘要

The publication of FAS Statement No.158,"Employers'Accounting for Defined Benefit Pension and Other Postretirement Plans,"in September 2006,by the Financial Accounting Standards Board(FASB)is expected to have a significant impact on financial reporting for oil and gas companies with defined benefit pension and other postretirement plans.FAS Statement No.158 amends FAS Nos.87,88,106,and 132(R)relative to defined benefit pension and defined benefit postretirement plans and requires oil and gas companies to(1)report the amount of over funding or under funding of pension and postretirement plans;(2)recognize unamortized transitional assets and obligations,prior service costs,and actuarial gains and losses as part of other comprehensive income;and(3)use the balance sheet date as the measurement date for the measurement of plan assets and benefit obligations.