ACCA P2 IAS 19 – Curtailment and Asset ceiling

Comments

1. jesstan says

   August 7, 2017 at 10:21 am

   Sir, according to my study materials it wrote If a defined benefit plan is in surplus, IAS 19 states that the surplus must be measured at the lower of:
   • the amount calculated as normal (per earlier examples and illustrations)
   • the total of the present value of any economic benefits available in the form of refunds from the plan or reductions in future contributions to the plan.

   so which one is the correct measurement???

   Log in to Reply

2. sitembile says

   July 24, 2017 at 6:56 am

   The chapter references in the Study guide are not aligned to the Lecture Notes.

   Log in to Reply

3. olegbivol says

   May 29, 2017 at 4:51 pm

   Hi,

   I am a bit confused. In your lecture, you are stating there is a gain of 5M in Liabilities curtailment. Is in not a loss, as the fair value after curtailment is 60 but the pension liabilities are measured at 55? I understand that liabilities have increased from 55 to 60 to represent the fair value.

   Log in to Reply

4. gmpo12 says

   January 12, 2017 at 4:42 pm

   Sir,

   if I know that next year I will “save”, as you say, 5m by not having to make contribution and the year after another 10m – do I discount these two figures or figures I’d get taking into account interest income? (say 5.5m and 11m). E.g. do we discount nominal amount or we take (add) opportunity cost into account as well?

   Thank you for your time.

   Log in to Reply