Pondering Pensions, 2002: The Shrinking Shmoo Of The S&P 500 In the classic comic strip Li'l Abner, shmoos were blobby, shapeless little critters that existed only to please mankind - even if it meant self-sacrifice, which was delicious bounty for humans. Every part of a shmoo possessed value for everyone in mythical Dogpatch. The real-world equivalent of the shmoo is the defined benefit pension plan. Like the amorphous creature in the comics, the formless defined benefit pension plan likewise provides sustenance for retirees, asset managers and pension consultants. For the managements of companies sponsoring the plans, the pension accounting standard governing these financial shmoos provides legitimized earnings management tools. Over the past couple years there's been much panic over perfect storms battering defined benefit pension plans or the pension monster that will suck available capital away from shareholders and into pension funds. For all the fretting, defined benefit pension plans are still shmoos, albeit shriveled ones by this time. Even in their wizened state, they still provide nourishment for their beneficiaries - and they still introduce near-comic economics into the financial statements. The worst may be behind defined benefit plans: this year's stock market performance, combined with the year-to-date rise in long-term bond yields, should alleviate the underfunded status of many plans. Nevertheless, there's still much to cause concern - and to relieve concern. While many grumble about the lack of clarity surrounding pension accounting, there's still a wealth of information available to get the right perspective on pension issues. The shmoo is ever-present in the financials, but not always benevolent to the analyst or investor; using the right measurements buried in the notes helps an investor flush out the rascals.
… [Trackback]
[…] There you will find 42072 more Infos: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] There you will find 90075 more Infos: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Read More Infos here: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Find More Informations here: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Read More here: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Read More: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Read More: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Read More on|Read More|Find More Infos here|Here you can find 49072 more Infos|Informations to that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Read More on|Read More|Read More Infos here|There you will find 96047 additional Infos|Infos on that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Find More here|Find More|Find More Infos here|There you can find 10793 additional Infos|Informations to that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Find More on|Find More|Find More Infos here|There you can find 54167 additional Infos|Informations on that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Read More on|Read More|Read More Infos here|There you will find 86347 more Infos|Informations on that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Find More here|Find More|Read More Infos here|There you will find 48724 more Infos|Infos to that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Read More on|Read More|Find More Infos here|There you will find 46985 additional Infos|Informations to that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Find More here|Find More|Read More Infos here|There you will find 3780 additional Infos|Infos to that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Read More on|Read More|Find More Informations here|Here you will find 82842 more Informations|Informations on that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Read More on|Read More|Find More Informations here|Here you will find 87716 additional Informations|Informations on that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Find More here|Find More|Find More Informations here|There you will find 48005 more Informations|Infos to that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Read More here|Read More|Find More Infos here|Here you will find 46487 more Infos|Infos to that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Read More here|Read More|Read More Infos here|There you can find 77935 additional Infos|Infos on that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Find More on|Find More|Find More Infos here|Here you can find 5198 more Infos|Infos to that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Read More on|Read More|Read More Infos here|Here you will find 27241 more Infos|Infos to that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Read More here|Read More|Find More Infos here|There you can find 99018 additional Infos|Infos on that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Find More here|Find More|Find More Infos here|Here you will find 73107 more Infos|Infos on that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Read More here|Read More|Find More Infos here|There you can find 55003 more Infos|Infos on that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Find More on|Find More|Read More Infos here|There you can find 6484 more Infos|Infos to that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Find More here|Find More|Read More Infos here|Here you can find 33855 additional Infos|Infos to that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Read More here|Read More|Find More Infos here|There you will find 44050 additional Infos|Informations to that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Read More on|Read More|Read More Infos here|There you can find 58229 additional Infos|Informations on that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Find More here|Find More|Find More Informations here|There you can find 1214 additional Informations|Infos to that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Read More on|Read More|Read More Informations here|Here you can find 95790 additional Informations|Infos on that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Find More here|Find More|Find More Informations here|There you will find 88439 additional Informations|Informations on that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Read More on|Read More|Read More Informations here|Here you can find 70048 more Informations|Infos on that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Read More on|Read More|Read More Informations here|There you can find 50396 more Informations|Infos on that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Read More on|Read More|Read More Informations here|There you can find 55827 more Informations|Informations on that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Read More here|Read More|Read More Informations here|There you will find 4233 more Informations|Informations to that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Find More here|Find More|Read More Infos here|Here you will find 94571 additional Infos|Infos on that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Find More on|Find More|Find More Infos here|Here you can find 3267 more Infos|Infos to that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Find More on|Find More|Find More Informations here|Here you can find 61468 additional Informations|Informations on that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Find More on|Find More|Read More Informations here|There you will find 92731 more Informations|Infos on that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Find More here|Find More|Find More Informations here|Here you will find 90696 additional Informations|Infos on that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Find More here|Find More|Read More Infos here|Here you can find 2497 additional Infos|Informations to that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Find More here|Find More|Read More Infos here|There you will find 23860 additional Infos|Informations to that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Read More here|Read More|Read More Informations here|Here you can find 14023 more Informations|Informations to that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Find More here|Find More|Read More Informations here|Here you will find 90654 more Informations|Informations on that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Read More on|Read More|Read More Infos here|There you will find 89067 more Infos|Infos on that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Find More on|Find More|Find More Infos here|Here you can find 22454 more Infos|Informations to that Topic: accountingobserver.com/volume-12-nos-10-11/ […]
… [Trackback]
[…] Read More on|Read More|Find More Informations here|There you can find 74456 additional Informations|Infos on that Topic: accountingobserver.com/volume-12-nos-10-11/ […]