Hi Mike
In the previous version of ias 19. It states that there are number of options for recognition. I.e immediate recognition via p and l or oci and deferred recognition. Now
In the new revised ias 19 in 2011 what are the changes and what model does it use for recognition?
Thanks
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SBRias 19
Acturial Gains/losses
Previous
1.Immediate
2.Deferral (Corridor Approach) or Any other systematic basis
Revised:
Recognize A.G/Losses in the period incurred .
Past Service Cost:
Previous: Separate for Vested and Unvested benefits
Revised : All past service cost (Vested or unvested) recoginized in the period of ammendment.
Other Changes:
-Net Interest Cost (SAME rate for for plan assets and plan obligation)
(Presentation Uniformity)
-Remeasurement Component : [A-Gains/Losses + (Actual returns less (implied return by net interest cost) +Effect of Asset Cieling]
Please correct,if wrong.
Thanks very much Mike. This helped.
What is asset ceiling?
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