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Hi
Am I correct in assuming the following: (IAS19)
Enhancement is the same as curtailment in that people are leaving the scheme?
Service cost and past service cost are non cash items and are income on the SCF?
net interest on obligation adds to finance charges and on assets interest income (investing)?
Contributions in are cash flow out (financing)?The reason i ask is that i have the kaplan book and cannot find reference to the SOCF
This was difficult section for me and i find the easier way to do it the net obligation method as opposed to splitting assets and liabilitiesHi,
An enhancement is when employees are rewarded with higher benefits having worked for a particular period of time. A curtailment is when the scheme is closed to a group of people, and they therefore are leaving the scheme.
Yes, both service costs and past service costs are non-cash items.
Yes, the interest is a finance cost and the income interest received.
Amounts paid into the scheme are an outflow.
Thanks
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