In the balance sheet, do we report the defined benefit asset & obligation separately or do we work out the net position and report either an asset or liability?
I have looked at an annual report that complies with IFRS and the asset & liability was reported individually
Please say sir.
Ask the Tutor ACCA SBR
IAS 19
7y ago#1Hi,
You can net them off if you wish and you wouldn't lose any marks if you did or didn't within the exam.
Thanks
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