Get Answers To Frequently Asked Questions Pertaining To The Financial ... - Ifebp

This guide provides clear instructions on how to fill out the Answers To Frequently Asked Questions Pertaining To The Financial Accounting Standards Board (FASB) Standard 715-80 online. This document serves to assist users in complying with the new FASB disclosure requirements regarding employer participation in multiemployer defined benefit pension plans.

Follow the steps to fill out the FASB disclosure requirements correctly.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Read through the Introduction section to understand the background and the purpose of the document.
3. Navigate to the Answers to Frequently Asked Questions section. Review each question and answer to locate information pertinent to your organization.
4. Access the Guidance Memo for FASB Disclosure Table section to find detailed instructions about completing the FASB Disclosure Table.
5. Download the FASB Disclosure Table Excel Worksheet from the document. This table will help in organizing and documenting necessary information.
6. Complete each column in the Disclosure Table, ensuring all required details are accurate and compliant with the FASB standards.
7. Consult the provided sample inquiry letter in Exhibit B if you need to reach out to plan administrators for additional required information.
8. Once the Disclosure Table is complete, draft footnotes as necessary, referring to Exhibit C for a sample footnote format.
9. Review all entries for accuracy and completeness.
10. Save changes to your document, and proceed to download, print, or share the completed form with relevant stakeholders.

Start completing your FASB disclosure requirements online now.