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i wanna know how nssf contibution can be account for

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › i wanna know how nssf contibution can be account for

  • This topic has 1 reply, 2 voices, and was last updated 11 years ago by MikeLittle.
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  • December 3, 2013 at 8:13 am #149384
    niyitegeka
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    when employee agree with he/her employer on payment of NSSF contribution that the employer will pay all contribution then at the retirement age contribution be reimbursed to the employer .

    how this can be recoded in books of account? which IFRS can guide this issue ,

    please help me

    December 13, 2013 at 10:56 am #152845
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23333
    • ☆☆☆☆☆

    Never heard of such a scheme and it CERTAINLY doesn’t fall within F7

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