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SBR

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

VIVA Subject Guide
YouTube video

9 Comments

  1. Babysnow88
    Thank you sir
  2. MelancholicReflections
    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 ($11 million). This gain is credited to other comprehensive income.
  3. philiprj
    Hi,
    My notes say that gain/loss on asset ceiling will be taken to P&L but the lecture says to take it to OCI. Which is it?
    Thanks,
  4. Ameer
    The notes are stated that if the asset needs to be reduced to the asset ceiling, then the reduction in net pension asset is shown in OCI.
  5. Ayesha
    Hi Chris,
    in the lecture the decrease in liability is 5m$ (60-55). However in the answers at the end of notes its 7m$. why is that so?
  6. saaquibkhan
    shouldnt the difference between the net plan asset and asset ceiling amount be charged to other comprehensive income????
  7. Andre
    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?
  8. kutetaiwo
    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?
  9. P2-D2Tutor
    Hi,

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

    Thanks

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