Mister Finance
Financial insights, commentary, and advice.


Pension Freezes: Not An Ice Age Yet
Posted on October 20th, 2006 on The AAO Weblog
In the past year, many pundits have expected wholesale terminations of defined benefit pension plans. IBM got the ball rolling in January when the...

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FASB: Phase One Of Pension Overhaul Begins Now
Posted on October 2nd, 2006 on The AAO Weblog
On Friday, the FASB released Statement of Accounting Standards No. 158, “Employers Accounting for Defined Benefit Pension and Other Po...

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DuPont: The Cold Front Continues To Move In
Posted on August 30th, 2006 on The AAO Weblog
As mentioned before, the fourth quarter of 2006 may be the beginning of a new Ice Age for defined benefit pension plans. IBM may have gotten it...

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Tenneco: Freeze That Pension!
Posted on August 24th, 2006 on The AAO Weblog
Auto parts manufacturer Tenneco announced yesterday that it is “freezing” its three defined benefit pension plans (including one supplem...

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Service Corporation: Pension Part Of Multi-Restatement
Posted on August 15th, 2006 on The AAO Weblog
Last Thursday, Service Corporation International announced a restatement of its last three years’ financials through 2005 and the interim comparative financial...

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FASB: No Change On Postretirement Benefit Plans’ Schedule
Posted on July 27th, 2006 on The AAO Weblog
At yesterday’s Board meeting, the FASB reaffirmed its commitment to requiring firms to put the full amount of their net pension and ot...

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Pension Politics: Senate Hearings On FASB’s Revision
Posted on June 16th, 2006 on The AAO Weblog
It isn’t just CFOs and auditors who feel the microscope trained on them more closely than say, ten years ago. After the stock option wa...

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Pensions & OPEBs: Comments Due Soon
Posted on May 24th, 2006 on The AAO Weblog
The only accounting issue on most folks’ radar is backdated options. It’s a big world out there, and there’s more than one wa...

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Finance Execs On Pension Accounting: Reform OK With Us
Posted on April 10th, 2006 on The AAO Weblog
An interesting survey by Grant Thornton: it showed that out of 122 senior financial executives polled in a survey commissioned by the accounting firm, 87% of them expressed support for puttin...

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Let The Pension Party Roll!
Posted on March 31st, 2006 on The AAO Weblog
It’s here. The FASB has released its proposal for (finally) making pensions visible in corporate balance sheets. (And in non-profit organizations&...

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