• Skip to primary navigation
  • Skip to main content
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA SBR (INT/UK):
  • SBR notes
  • SBR lectures
  • SBR Flashcards
  • SBR Revision lectures
  • SBR Forums
  • Ask the Tutor
  • Ask AI (New!)

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

Curtailment and Asset ceiling (IAS 19) – ACCA (SBR) lectures

VIVA

Reader Interactions

Comments

  1. koladee says

    August 22, 2023 at 9:29 pm

    Hi Chris, looking at ACCA technical article at this link, https://www.accaglobal.com/gb/en/student/exam-support-resources/professional-exams-study-resources/strategic-business-reporting/technical-articles/asset-ceiling.html, it appears that the ceiling adjustment should not be charged to OCI and there should be no journal entry for it. Please can you review and confirm? Thanks

    Log in to Reply
    • MelancholicReflections says

      January 24, 2025 at 10:27 pm

      But it is?

      >This means that there is a net gain of $1.84 million being the difference between the net plan asset in the scheme ($9.16 million) and the asset ceiling ($11 million). This gain is credited to other comprehensive income.

      Log in to Reply
  2. philiprj says

    January 29, 2020 at 6:22 pm

    Hi,
    My notes say that gain/loss on asset ceiling will be taken to P&L but the lecture says to take it to OCI. Which is it?
    Thanks,

    Log in to Reply
    • lae950 says

      September 2, 2021 at 3:23 pm

      The notes are stated that if the asset needs to be reduced to the asset ceiling, then the reduction in net pension asset is shown in OCI.

      Log in to Reply
  3. Ayesha says

    August 8, 2019 at 8:58 am

    Hi Chris,
    in the lecture the decrease in liability is 5m$ (60-55). However in the answers at the end of notes its 7m$. why is that so?

    Log in to Reply
  4. saaquibkhan says

    August 5, 2019 at 3:52 pm

    shouldnt the difference between the net plan asset and asset ceiling amount be charged to other comprehensive income????

    Log in to Reply
  5. gmpo12 says

    June 9, 2019 at 4:47 pm

    Sir,

    so we do well, we invest so that our Pension Assets exceed Pension Liabilities, but we end up having to recognise an expense. What’s the point in making pension fund to perform exceptionally well then?

    Log in to Reply
  6. kutetaiwo says

    February 1, 2019 at 12:01 pm

    Hi Chris! Can there be a situation where the asset need to be increased to the asset ceiling limit? And if that is possible, what will the treatment be? Will the increase be treated/shown in SPL as income?

    Log in to Reply
    • P2-D2 says

      May 24, 2019 at 11:58 am

      Hi,

      No, this wouldn’t happen and it wouldn’t be prudent to do so.

      Thanks

      Log in to Reply

Leave a Reply Cancel reply

You must be logged in to post a comment.

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in