Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IAS 19 Employee benefits
- This topic has 5 replies, 2 voices, and was last updated 8 years ago by MikeLittle.
Viewing 6 posts - 1 through 6 (of 6 total)
- AuthorPosts
- November 12, 2015 at 3:03 pm #281988
When past service cost needs to be included in the calculation of interest cost and when do not?
November 12, 2015 at 3:06 pm #281991They are normally given separately in an exam question and I always treat them separately
November 12, 2015 at 3:42 pm #281998So can i assume normally it is taken into when calculating interest cost?
November 12, 2015 at 7:24 pm #282038Not really. It depends on the timing of the change in the scheme. If it occurred at the start of the year then, yes, add it in to get the net asset / liability as at the start of the year. But if the change took place as at the year end then, no, exclude it from net assets / liabilities for the purposes of calculating the annual interest cost
November 12, 2015 at 11:59 pm #282062Thank you
November 13, 2015 at 8:06 am #282091You’re welcome
- AuthorPosts
Viewing 6 posts - 1 through 6 (of 6 total)
- You must be logged in to reply to this topic.