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Past service Cost for Former and current Employees IAS 19

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Past service Cost for Former and current Employees IAS 19

  • This topic has 1 reply, 2 voices, and was last updated 14 years ago by MikeLittle.
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  • March 17, 2011 at 3:41 pm #47785
    salu007
    Member
    • Topics: 58
    • Replies: 32
    • ☆☆

    Dear Sir,

    I saw the online OT lecture.I had a doubt.When we recognise Past service cost we add simply the amount of PSC to the net amount recorded as a liability in SOFP and recognise it in full in SOCI for former employees and in the case of current employees we add the amount of PSC to SOFP and in the SOCI we divide the amount by number of years for vesting.Am i right .

    Regards

    March 18, 2011 at 4:51 pm #79981
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23355
    • ☆☆☆☆☆

    yes

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