New! Lectures for ACCA AAA September 2022 Exams are now available >>

New! BPP Books for ACCA September 2022 Exams are now available, get your discount code >>

b/d Obligation (IAS 19)

This topic has 1 reply, 2 voices, and was last updated 11 months ago by Stephen Widberg.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
July 9, 2021 at 3:30 pm #627284
Aa326
- Topics: 3
- Replies: 0
Hi – I am going through the latest BPP workbook for SBR and reading the following (page 96): “Interest applied to b/d obligation and assets (and netted in Profit or Loss)”.

Please can you clarify what b/d refers to above. This is a chapter on IAS 19 (Employee Benefits).

Many thanks
Mohammed
July 10, 2021 at 7:42 am #627319
Stephen Widberg
Moderator
- Topics: 10
- Replies: 2531
When accounting for a defined benefit pension – Net Interest Cost = interest rate given in question multiplied on opening DB pension asset and liability.

B/d = brought down = opening.

Not sure I can add any more value. If in doubt please watch our recorded lecture on pensions.
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.