Dude are you serious?? Do you not understand the difference between a cost and an asset? One is on the income statement, the other is on the balance sheet. How long did you search through google to find that little snippet that has absolutely nothing to do with this conversation? This is pretty basic GAAP.
Employee benefits are a tangible cost to the employer because knows what he's going to pay to receive those benefits.
Employee benefits are an intangible asset to the employee because he does NOT know how much value he's going to receive from those benefits.
If employee benefits would count towards your net worth, so would future wages, your work ethic, and lucky lottery numbers. but they can't.....because you don't know when/if/how much you'll ever receive of any of these things.......they don't count towards your net worth........no one who's not a complete idiot counts any of these things towards your net worth....
Again....I don't want to waste my time trying to convince you to be a grown up and take responsibility for your own lot in life. Good luck kiddo. You'll need it.
Employee benefits are a tangible cost to the employer because knows what he's going to pay to receive those benefits.
Employee benefits are an intangible asset to the employee because he does NOT know how much value he's going to receive from those benefits.
If employee benefits would count towards your net worth, so would future wages, your work ethic, and lucky lottery numbers. but they can't.....because you don't know when/if/how much you'll ever receive of any of these things.......they don't count towards your net worth........no one who's not a complete idiot counts any of these things towards your net worth....
Again....I don't want to waste my time trying to convince you to be a grown up and take responsibility for your own lot in life. Good luck kiddo. You'll need it.