Mark-to-Market Accounting for United States Corporate Pensions: Implementation and Impact

dc.contributor.authorBusillo, Joseph
dc.contributor.authorHarvey, Thomas
dc.contributor.authorHoffman, Bryan
dc.date2023-05-17T21:49:55.000
dc.date.accessioned2023-05-23T00:33:46Z
dc.date.available2023-05-23T00:33:46Z
dc.date.issued2015-08-03
dc.date.submitted2019-03-12T12:30:12-07:00
dc.description.abstractThis chapter explores a number of aspects of mark-to-market (MTM) accounting, to better understand the effects of a change in accounting method. Corporate plan sponsors have an ongoing management challenge with defined benefit (DB) pensions. Among the many issues is how to properly account for their associated assets and liabilities, and to provide clarity regarding the plan itself while not diluting transparency into the underlying business performance of the corporate plan sponsors. Traditional generally accepted accounting principles (GAAP) for pensions is an overly complex mechanism, attempting to balance these two often conflicting goals. There is an alternative approach: MTM accounting.
dc.description.commentsThe published version of this Working Paper may be found in the 2016 publication: Retirement System Risk Management (https://pensionresearchcouncil.wharton.upenn.edu/retirement-system-risk-management-2/).
dc.identifier.urihttps://repository.upenn.edu/handle/20.500.14332/44150
dc.legacy.articleid1076
dc.legacy.fulltexturlhttps://repository.upenn.edu/cgi/viewcontent.cgi?article=1076&context=prc_papers&unstamped=1
dc.relation.urlhttps://pensionresearchcouncil.wharton.upenn.edu/wp-content/uploads/2018/02/04-Corrected-Proof.pdf
dc.rights<p>All findings, interpretations, and conclusions of this paper represent the views of the authors and not those of the Wharton School or the Pension Research Council. © 2015 Pension Research Council of the Wharton School of the University of Pennsylvania. All rights reserved.</p>
dc.source.issue76
dc.source.issueWP2015-16
dc.source.journalWharton Pension Research Council Working Papers
dc.source.statuspublished
dc.subject.otherDefined benefit pensions
dc.subject.othergenerally accepted accounting principles (GAAP)
dc.subject.othermark-to-market accounting (MTM)
dc.subject.otherpension volatility
dc.subject.otherplan sponsor
dc.subject.otherrisk party portfolio
dc.titleMark-to-Market Accounting for United States Corporate Pensions: Implementation and Impact
dc.typeWorking Paper
digcom.contributor.authorBusillo, Joseph
digcom.contributor.authorHarvey, Thomas
digcom.contributor.authorHoffman, Bryan
digcom.identifierprc_papers/76
digcom.identifier.contextkey14010131
digcom.identifier.submissionpathprc_papers/76
digcom.typeworkingpaper
dspace.entity.typePublication
upenn.schoolDepartmentCenterWharton Pension Research Council Working Papers
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