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IAS 19 Asset ceiling

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IAS 19 Asset ceiling

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by Stephen Widberg.
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  • November 19, 2021 at 10:51 am #641057
    Anonymous
    Inactive
    • Topics: 3
    • Replies: 1
    • ☆

    In the Kaplan text, the method they adopted for the calculation of remeasurement component under asset ceiling is very confusing. They’re applying other components on net plan assets for reconciliation. The surplus amount brought forward is treated as a negative amount too, which doesn’t make sense.
    Check ‘ Test your understanding 6-Arc’ for the detailed calculation and if anyone understood that, please do explain it would be really helpful.

    I have applied the proforma in OT lecture. For the adjustment of asset ceiling, I had to improvise.
    As the asset ceiling was applied in the previous period too as per the question, I reduced the pension plan asset’s carrying amount by the amount of reduction caused by the ceiling, and the deducted amount was used as b/fwd in reconciliation
    I have calculated the remeasurement component separately for assets and liabilities and then found the net amount. I got the final amounts to be recognised in the financial statements same as the text but the method is entirely different.

    Can I use this proforma in OT lecture for the SBR exam?

    November 20, 2021 at 3:18 pm #641181
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3411
    • ☆☆☆☆☆

    Marks will be for explanation.

    If plan is in surplus, then there may be a restriction on the asset that can be recognised. The asset cannot exceed ……..etc etc. Any adjustment is recognised in OCI.

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