IAS 19 Employee Benefits
– A liability should be recognized when an employee has provided a rvice in exchange for benefits to be received by the employee at some time in the future
–An expen should be recognized when the entity consumes the economic benefits from a rvice provided by an employee in exchange for employee benefits
— Categories of employee benefits
➢Short-term employee benefits
Settled wholly before 12 months after the end of the annual reporting period
四级查分
➢Post-employment benefits
After the completion of employment
socks怎么读➢Termination benefits
神色For the termination of an employee's employment
< 内退，自己想走,redundancy payment
一次性确认
➢Other long-term benefits
排除剩下的，第二第三个都是long-term
- Short—term employee benefits
Accrued expen/prepayment， no requirement to discount future benefits
➢Accumulating paid abnces
–Accumulating paid abnces are tho that can be carried forward for u in future periods if the current period’s entitlement is not ud in full
–The expected cost of any unud entitlement that can be carried forward or paid in substitute of holidays is recognized as an accrual at the year end
➢Non-accumulating paid abnces
–Non-accumulating paid abnces cannot be carried forward
–Therefore, they are only recognized as an expen when the abnce occurs
➢Profit sharing or bonus plan
— Post—employment benefits
➢Defined contribution plans
–The entity pays fixed contributions and have no legal or constructive obligation to pay further contributions
–The employee bears the risk
–The size of the post-employment benefits paid to former employees depends on how well or how badly the plan’s investments perform. If the investments perform well， the plan will be able to afford higher benefits than if the investments performed less well.
–Accounting treatment:
✧No asts or liabilities will be recognized for this defined contribution scheme， other
than current liabilities to reflect amounts due to be paid to the pension scheme at year end.
✧The contributions paid by the company of ＄10 million will be charged to profit or loss
✧The contributions paid by the employees will not be a cost to the company but will be adjusted
随时随地英语
in calculating employee’s net salary
➢Defined benefit plans
–The size of the post—employment benefits is determined in advance （ie the benefits are ‘defined’）.
–The employer bears the risk
–The employer pay contributions into the plan, and the contributions are invested. The size of the contributions is t at an amount that is expected to earn enough investment returns to meet the obligation to pay the post-employment benefits。
–If， it becomes apparent that the asts in the fund are insufficient, the employer will be required to make additional contributions into the plan to make up the expected shortfall。
On the other hand, if the fund’s asts appear to be large r than they need to be， and in excess of what is required to pay the post-employment benefits, the employer may be allowed to stop paying in contributions for a while
–Accounting treatment
✧The future benefits(arising from employee rvice in the current or prior years） cannot
be measured exactly, but whatever they are the employer will have to pay them, and the liability should therefore be recognized now. To measure the future obligations， it is necessary to u actuarial assumptions
✧The obligations payable in future years should be valued， by discounting， on a prent
value basis. This is becau the obligations may be ttled in many years’ time
✧If actuarial assumptions change, the amount of required contributions to the fund will
change， and there may be actuarial gains or loss. A contribution into a fund in any period will not equal the expen for that period， due to actuarial gains or loss –Actuarial assumptions
✧Actuarial assumptions made should be unbiad and bad on market expectations
✧Actuarial assumptions are needed to estimate the size of the future （post— employment)保险硕士
benefits that will be payable under a defined benefits scheme
✧The main categories of actuarial assumptions are demographic assumptions and financial
ifrs
assumptions
➢Multi-employer plans
— Ast ceiling test
✓Amount recognized as a net pension ast in the SOFP must not be stated as more than their recoverable amount (if PV of obligation is larger than the FV ast)
✓IAS 19 requires any net pension ast to be measured at the lower of:
1)Net reported ast (cv of net pension ast)
2)The PV of any refunds/reduction of future contributions available from the pension plan
(recoverable amount)
＊ The amount is charged immediately to other comprehensive income
— SOFP
➢Net defined benefit liability
➢Plan asts
✧Plan asts are:
1)Asts such as stock and shares, held by a fund that is legally parate from the reporting
entity, which exists solely to pay employee benefits
2)Insurance policies, issued by an insurer that is not related party， the proceeds of which
can only be ud to pay employee benefits
✧IAS 19 includes the following specific requirements:
微笑smile
1)The plan asts should exclude any contributions due from the employer but not yet paid
2)Plan asts are reduced by any liabilities of the fund that do not relate to employee benefits,
such as trade and other payables
— SPLOCI
➢Service cost （P/L）
成都插花培训–Current rvice cost
辅音音素Increa in the PV of the defined benefit obligation resulting from employee rvices during the period
–Past rvice cost
The change in the obligation relating to rvice in prior periods
1)A plan amendment aris when an entity either introduces a defined benefits plan or changes
the benefits payable under an existing plan
2)A curtailment occurs only when an entity reduces significantly the number of employees （IAS
37—restructuring provision）
debate是什么意思＊ IAS 19 requires the past rvice cost to be recognized in P/L at the earlier of:
✓When the plan curtailment occurs （e。g。 redundancy occurs)
✓When the entity recognizes the related restructuring costs
–Any gain or loss on ttlement
➢Net interest on the net defined benefit liability （P/L）
➢Re-measurements of the net defined benefit liability （OCI）
–Actuarial gains and loss
–The return on plan asts
(excluding net interest on the net defined benefit ast/liability）
–Any change in the effect of the ast ceiling
(excluding net interest on the net defined benefit ast/liability）
- Revision of IAS 19
