The FASB was influenced by feedback from interested parties when pension accounting rules were developed. Please cite one example of this occurrence, and provide your opinion as to the FASB\'s decision. Solution Under the FASB, pension accounting has witnessed what we call a large feedback from the interest parties at the time of the accounting rules were developed. Such parties who have vested their interests were financial, political, beneficiaries and regulators. One fine example of such parties is the Congress, the prime body, who has interfered the accounting rules a number of times. Many times it witnessed much of controversy and issues regarding the ruling of the pension accounting and number of alternative proposals are to be kept before the final decision can be made on the same. Example of a FASB pension regulation which is Summary of Statement 87. I agree with this position finalized by the FASB. Employers\' Accounting for Pensions (Issued 12/85) This Statement supersedes all available previous standards for employers\' accounting of pension. The most significant changes to past practice affect to an employer\'s accounting for one-employer as defined benefit pension plan, although some provisions also apply to an employer that participates in a multi employer plan or sponsors a defined contribution plan. Measuring cost and reporting liabilities resulting out of benefit pension plans have been sources of accounting controversy for many years. Both the Accounting Principles Board (APB), in 1966 and ,the Committee on Accounting Procedure, in 1956, concluded that change in pension account were require beyond what was considered practical at those times It shows different kinds of Funding and Accrual Accounting,Fundamentals of Pension accounting,statement of financial position clause. .