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IAS19 Employment benefits

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IAS19 Employment benefits

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Stephen Widberg.
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    Posts
  • July 2, 2021 at 3:54 am #626816
    mokoaleli
    • Topics: 1
    • Replies: 0
    • ☆

    Good day,

    Please explain to me how to treat the interest cost related to past service cost in defined benefit plan.
    Do we also need to adjust the contribution in calculating the liability?

    Kind regards

    July 2, 2021 at 5:53 am #626824
    Stephen Widberg
    Moderator
    • Topics: 10
    • Replies: 2531
    • ☆☆☆☆☆

    Don’t adjust the contribution – that is the cash which you never adjust.

    Normally NIC is opening interest rate x opening liability.

    Exception – if the past service cost takes effect from the START of the year:

    Then NIC is opening interest rate x (opening liability + increase in liability due to past service cost)

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