A federal panel is recommending changes to governmental accounting that would require the cost of future Social Security and Medicare payments to be accounted for year-by-year as workers accumulate entitlements.
The proposal, from the Federal Accounting Standards Advisory Board, would have no impact on the benefits themselves, but would more closely reflect how much the social programs actually cost.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access