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Assignment 3: Accounting for Pensions and other Post-Retirement Benefits
Due Week 9 and worth 150 points

Using the Internet or Strayer databases, go to the FASB Website, located at http://www.fasb.org, and other resources to research the Disclosure of Postretirement Health Care and Life Insurance Benefits.

Write a four to six (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 / rules in place today.
Based on your research, make at least two (2) recommended changes to the guidance / rules that you believe would improve the financial accounting and reporting of the benefits in question. Provide support for your recommendation.
Predict the significant manner in which 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 prediction(s).
Create a scenario in which at least two (2) 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 (3) quality references. Note: Wikipedia and other Websites do not quality as academic resources.

Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the 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 outcomes associated with this assignment are:

Analyze the key elements related to accounting for leases, pension funds, and other post- retirement benefits.
Use technology and information resources to research issues in tax research and planning.
Write clearly and concisely about tax research and planning using proper writing mechanics.

Click here to view the grading rubric.

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.

Points: 150	Assignment 3: Accounting for Pensions and other Post-Retirement Benefits
Criteria	Unacceptable Below 70% F	Fair 70-79% C	Proficient 80-89% B	Exemplary 90-100% A
1. Based on your research, compare and contrast the early historical accounting for Postretirement Health Care and Life Insurance Benefits with the guidance / rules in place today. Weight: 15%	Did not submit or incompletely compared and contrasted the early historical accounting for Postretirement Health Care and Life Insurance Benefits with the guidance / rules in place today, based on your research.	Partially compared and contrasted the early historical accounting for Postretirement Health Care and Life Insurance Benefits with the guidance / rules in place today, based on your research.	Satisfactorily compared and contrasted the early historical accounting for Postretirement Health Care and Life Insurance Benefits with the guidance / rules in place today, based on your research.	Thoroughly compared and contrasted the early historical accounting for Postretirement Health Care and Life Insurance Benefits with the guidance / rules in place today, based on your research.
2. Based on your research, make at least two (2) recommended changes to the guidance / rules that you believe would improve the financial accounting and reporting of the benefits in question. Provide support for your recommendation. Weight: 15%	Did not submit or incompletely made at least two (2) recommended changes to the guidance / rules that you believe would improve the financial accounting and reporting of the benefits in question, based on your research. Did not submit or incompletely provided support for your recommendation.	Partially made at least two (2) recommended changes to the guidance / rules that you believe would improve the financial accounting and reporting of the benefits in question, based on your research. Partially provided support for your recommendation.	Satisfactorily made at least two (2) recommended changes to the guidance / rules that you believe would improve the financial accounting and reporting of the benefits in question, based on your research. Satisfactorily provided support for your recommendation.	Thoroughly made at least two (2) recommended changes to the guidance / rules that you believe would improve the financial accounting and reporting of the benefits in question, based on your research. Thoroughly provided support for your recommendation.
3. Predict the significant manner in which 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 prediction(s). Weight: 15%	Did not submit or incompletely predicted the significant manner in which the future of accounting for these benefits could change, based on potential changes in the business and political climate that you foresee. Did not submit or incompletely provided support for your prediction(s).	Partially predicted the significant manner in which the future of accounting for these benefits could change, based on potential changes in the business and political climate that you foresee. Partially provided support for your prediction(s).	Satisfactorily predicted the significant manner in which the future of accounting for these benefits could change, based on potential changes in the business and political climate that you foresee. Satisfactorily provided support for your prediction(s).	Thoroughly predicted the significant manner in which the future of accounting for these benefits could change, based on potential changes in the business and political climate that you foresee. Thoroughly provided support for your prediction(s).
4. Create a scenario in which at least two (2) types of Postretirement Health Care and Life Insurance Benefits change. Predict the potential impact of these changes on financial accounting and reporting practices. Weight: 15%	Did not submit or incompletely created a scenario in which at least two (2) types of Postretirement Health Care and Life Insurance Benefits change. Did not submit or incompletely predicted the potential impact of these changes on financial accounting and reporting practices.	Partially created a scenario in which at least two (2) types of Postretirement Health Care and Life Insurance Benefits change. Partially predicted the potential impact of these changes on financial accounting and reporting practices.	Satisfactorily created a scenario in which at least two (2) types of Postretirement Health Care and Life Insurance Benefits change. Satisfactorily predicted the potential impact of these changes on financial accounting and reporting practices.	Thoroughly created a scenario in which at least two (2) types of Postretirement Health Care and Life Insurance Benefits change. Thoroughly predicted the potential impact of these changes on financial accounting and reporting practices.
5. 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. Weight: 15%	Did not submit or incompletely developed an argument that supports your proposed changes in Question 4. Did not submit or incompletely created correspondence to your Chief Financial Officer in which you justified your position.	Partially developed an argument that supports your proposed changes in Question 4. Partially created correspondence to your Chief Financial Officer in which you justified your position.	Satisfactorily developed an argument that supports your proposed changes in Question 4. Satisfactorily created correspondence to your Chief Financial Officer in which you justified your position.	Thoroughly developed an argument that supports your proposed changes in Question 4. Thoroughly created correspondence to your Chief Financial Officer in which you justified your position.
6. 3 references (or number in the assignment) Weight: 5%	No references provided	Does not meet the required number of references; some or all references poor quality choices.	Meets number of required references; all references high quality choices.	Exceeds number of required references; all references high quality choices.
7. Writing Mechanics, Grammar, and Formatting Weight: 5%	Serious and persistent errors in grammar, spelling, punctuation, or formatting.	Partially free of errors in grammar, spelling, punctuation, or formatting.	Mostly free of errors in grammar, spelling, punctuation, or formatting.	Error free or almost error free grammar, spelling, punctuation, or formatting.
8. Appropriate use of APA in-text citations and reference section Weight: 5%	Lack of in-text citations and / or lack of reference section.	In-text citations and references are provided, but they are only partially formatted correctly in APA style.		In-text citations and references are error free or almost error free and consistently formatted correctly in APA style.
9. Information Literacy/Integration of Sources Weight: 5%	Serious errors in the integration of sources, such as intentional or accidental plagiarism, or failure to use in-text citations.		Sources are mostly integrated using effective techniques of quoting, paraphrasing, and summarizing.	Sources are consistently integrated using effective techniques of quoting, paraphrasing, and summarizing.
10. Clarity and Coherence of Writing Weight: 5%	Information is confusing to the reader and fails to include reasons and evidence that logically support ideas	Information is partially clear with minimal reasons and evidence that logically support ideas