# ASC 715-10-10: Compensation—Retirement Benefits — Overall — 10 Objectives

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/715/10/#10-objectives)

Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.

Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure.

Source downloaded (UTC): 2026-09-10T00:58:51.957Z to 2026-09-10T00:58:51.957Z

Record version: sha256:43a1d08d0f26441f54a585599128e65c16f625a8d9bf0386c0fa838c321f5921

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 715-10-10: 10 Objectives

[Read section](https://asc.understandingaccounting.org/asc/715/10/#10-objectives)

SEC content: no

##### [715-10-10-1](https://asc.understandingaccounting.org/asc/715/10/#715-10-10-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:58:51.957Z to 2026-09-10T00:58:51.957Z

Record version: sha256:74c8ef1a36fbbdd10ac2660205515a0fc4e9e7b31ed2801f916b837475f75058

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


The objectives of this Topic are as follows:

1.  a
    
    To enhance the relevance and representational faithfulness of the employer's reported results of operations by recognizing net periodic pension cost and net periodic other postretirement benefit cost as employees render the services necessary to earn their pension and other postretirement benefits
    
2.  b
    
    To enhance the relevance and representational faithfulness of the employer's statement of financial position by including a measure of the obligation to provide pension and other postretirement benefits based on a mutual understanding between the employer and its employees of the terms of the underlying plan
    
3.  c
    
    To enhance the ability of users of the employer's financial statements to understand the extent and effects of the employer's undertaking to provide pension and other postretirement benefits to its employees by disclosing relevant information about the obligation and cost of the pension and other postretirement benefit plans and how those amounts are measured
    
4.  d
    
    To improve the understandability and comparability of amounts reported by requiring employers with similar plans to use the same method to measure their pension and other postretirement benefit obligations and the related costs of the postretirement benefits.