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Comment: Improving the presentation of net periodic pension cost and net periodic postretirement benefit cost

Grant Thornton LLP comments on the Proposed Accounting Standards Update (ASU), Compensation – Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. While we support the Board’s objective to improve the presentation of net periodic pension cost and net periodic postretirement benefit cost, we believe that the Board should reconsider whether the benefit of implementing the proposed guidance outweighs its cost.

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