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Hello Sir, I need your clarification about the treatment of IAS 19 Employee Benefits
Under PYQ Sept/Dec 2019 INT Q3 part (c)(i)
The amendment to Plan Amendment, Curtailment or Settlement which will affect both current service cost and net intBut currently, the curtailment treatment is more like past service cost which reflects the gain or loss in SOPL but the current service costs do not be affected.
Which treatment should I follow? Thank you.
Q is asking how current year’s results would be reported under the old and the new IAS – so it’s a different sort of question.
As I using last year textbook,is it any change to the treatment for IAS 19?which the current treatment for plan amendment will affect current service costs?
I mean the examiner answer of accounting standard IAS 19 is proposed to change(still considering) or already revised(which the way we should be accounted in the exam)? As it’s not the same as the bpp textbook?
BPP textbook refers to both methods, old and new – the new one is at the end of the chapter.
Examiner will be clear (as he was last year) about which method to use.
Bear in mind that this is a very minor amendment, and he’s tested it once already, so you shouldn’t be spending more than a minute on it.
So if the question (Q1,2) have involved the calculation of employee benefits, should we adopt the old one or a new one if not mentioning?and the new one is it one of the current issues?
Thank you.
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