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employee benefit

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › employee benefit

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by AvatarP2-D2.
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  • January 7, 2017 at 4:47 pm #365528
    Avataramawesome2
    Participant
    • Topics: 85
    • Replies: 24
    • ☆☆

    for a qs relating to retirement benefit which askd to calculate the loss on remeasurement on the defined benefit obligation, the loss was deducted frm ‘other reserves’ head instead f retained earnings from a groups perspective. the retirement benefit was related to the parent company.please tell me why it ws deductd from other reserves and nt from RE. is it correct if we deduct it frm RE.

    January 8, 2017 at 7:54 pm #365676
    AvatarP2-D2
    Keymaster
    • Topics: 4
    • Replies: 7232
    • ☆☆☆☆☆

    The loss on remeasurement goes through other comprehensive income and so will therefore be shown through other components of equity in the statement of financial position.

    Thanks

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