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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Pensions
Hi sir,
How to treat theses: are they assets or liabilities?
are they past sercice cost so its liability ?
And included in spl?
1) pension paid to former employees:
2) pension plan paid to retired members
Thanks
Hi,
They are both treated in the same fashion as it is the payment of the pension. Check the notes/videos to look at how the payment is dealt with.
Thanks
Hi sir
Are they past service costs?
Thanks
Hi,
Why would they be past service costs? Payments out of the scheme will reduce the assets and the liabilities by the same amount. There is no impact on profit or loss.
Thanks
Thats clear enough thanks v much sir