Accountant Town

FASB ASC Guide > FASB ASC 965

The Financial Accounting Standards Board (FASB) released Accounting Standards Codification 965 (ASC 965) to address plan accounting for health and welfare benefit plans. Often employees belong to these as a result of working for a company and receive this as an employment benefit. Some of the more important areas of accounting for these include tracking the net assets of the plan available for the beneficiaries, the investments which the plan has, and the liabilities the plan has to its beneficiaries for things such as medical care.

Check out more high level explanations of the FASB ASC in our Guide to the Accounting Standards Codification!

For more in depth information on this and other FASB ASC topics, check out the following books.