Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › Changes in IAS 19
- This topic has 9 replies, 9 voices, and was last updated 12 years ago by hurly.
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- April 7, 2012 at 2:46 am #52139
IAS 19 is changing significantly but the changes are w.e.f. 2013. ACCA always adopts the policy of incorporating before time, so which IAS 19 is applicable for June 2012?
April 7, 2012 at 6:47 am #96119wat are the changes? can i get the document in pdf?
April 10, 2012 at 9:05 pm #96120ie the corridor approach is not aplicable any more
April 11, 2012 at 9:15 am #96121thanx josvill..can i get the document anywhere?
April 11, 2012 at 11:53 am #96122AnonymousInactive- Topics: 0
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kindly attach through pdf file the changes
April 11, 2012 at 1:21 pm #96123Well search the INTERNET for the updates from the big 4 audit firms, they usually publish the changes the accounting standards.
April 12, 2012 at 2:49 pm #96124AnonymousInactive- Topics: 0
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HEY friends i found that lecture notes of ias19(chapter 7) are updated according to the changes in standard but video of lecture is not according to the change.is it right? i saw the video of example 3 and 4 of chapter 7 plzz help me if here is any updated video of ias 19
April 18, 2012 at 5:50 am #96125Highlights from the changes for defined benefit plan
accounting include:
• Actuarial gains and losses are now required to be recognised in other comprehensive income (OCI) and excluded permanently from profit and loss.
• Expected returns on plan assets will no longer be recognised in profit or loss. Expected returns are replaced by recording interest income in profit or loss, which is calculated using the discount rate used to measure the pension obligation.
• Unvested past service costs can no longer be deferred and recognised over the future vesting period. Instead, all past service costs will be recognised at the earlier of when the amendment/ curtailment occurs or when the entity recognises related restructuring or termination costs.
• These revisions are effective for annual periods beginning on or after 1 January 2013, retrospectively, with very few exceptions. Early application is permitted.April 22, 2012 at 3:34 pm #96126hi – what is the imapct of the changes on the 2012 exams? will this change the way to answer questions on pensions or is this just a current issue ?
April 29, 2012 at 3:26 pm #96127• Expected returns on plan assets will no longer be recognised in profit or loss. Expected returns are replaced by recording interest income in profit or loss, which is calculated using the discount rate used to measure the pension obligation.
Can anyone explain this to me? Does it means that the interest income on planned asset is equal to the interest paid on PV of obligation? So the planned asset,initially, is discounted back at the discount rate, right?
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