Using the Internet or Strayer databases, go to the FASB websiteLinks to an exter
Using the Internet or Strayer databases, go to the FASB websiteLinks to an external site. and other resources to research the disclosure of postretirement health care and life insurance benefits.
Write a 4-6 page paper in which you:
Based on your research, compare and contrast the early historical accounting for postretirement health care and life insurance benefits with the guidance or rules in place today.
Based on your research, make at least two recommended changes to the guidance or rules that you believe would improve the financial accounting and reporting of the benefits in question. Provide support for your recommendation.
Predict the significant way the future of accounting for these benefits could change, based on potential changes in the business and political climate that you foresee. Provide support for your predictions.
Create a scenario in which at least two types of postretirement health care and life insurance benefits change. Predict the potential impact of these changes on financial accounting and reporting practices.
Develop an argument that supports your proposed changes in Question 4. Next, create correspondence to your chief financial officer in which you justify your position.
Use at least three quality academic resources in this assignment. Use the Strayer Library to conduct your research. Note: Wikipedia and similar websites do not count as quality references.
Your assignment must follow these formatting requirements:
This course requires the use of Strayer Writing Standards (SWS). The library is your home for SWS assistance, including citations and formatting. Please refer to the Library site for all support. Check with your professor for any additional instructions.
Typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
Include a cover page containing the title of the assignment, your name, your professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length.
The specific course learning outcome associated with this assignment is:
Evaluate the key elements related to accounting for post-retirement benefits including the impact of potential changes.