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June 2007 q1 in p2 adjustment (c)
I’m wondering do I still use “corridor approach to cal. the unrecognised acturial losses.?
Ias 19 said, the remeasurement put to OCI, so I’m confusing the unrecognised acturial loss in this question, can I debit the retained earning 5 m instead of using corridor approach ( after the ias 19 changes, corridor method no longer permitted) to calculate the loss (0.1m from the answer).
My actg entries.
Dr. Retained earning. 5m
Cr. non current liab. 5mAm I correct above this?
When I doing past exm question, the adj related the defined benefit scheme I feel absolutely confusing about the recognized and unrecognised actuarial loss and gain calculation.
Thank you very much.
As you so correctly state, the corridor approach has been abandoned. All actuarial gains and losses are now debited or credited in the year in which they occur. The adjustment is through OCI
The difficulty of looking at a 2007 question is that the printed solution (even the question itself) still considers the 10% corridor and the questions / answers are not necessarily compliant with the revised IAS
OK?
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