- This topic has 1 reply, 2 voices, and was last updated 3 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
Hi sir ,
I didnt finish studying All SBR material but I do cover the employment benefits. I came across this part in sep 18 ( Kutchen group ) but i didnt get the idea why the consider the reduction in liability under location 1 as negative past cost and curtailment under location 2 !Please assist
Pension schemes make adjustments sometimes:
1. Past service costs
2. Retrospective reduction in scheme benefits
3. Restructure
In all cases consider whether there is an extra expense or a reduction in expense.
Double entry is between P&L and liability.
Any of the above sometimes described as past service costs – sometimes costs go up and sometimes they go down. But double entry is always same:
1. More cost – debit P&L
2. Less cost – credit P&L.
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.