20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2024 exams.
Get your discount code >>

Treatment of Employee

This topic has 1 reply, 2 voices, and was last updated 13 years ago by MikeLittle.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
January 19, 2011 at 3:32 pm #47207
WikkiACCA
Member
- Topics: 1
- Replies: 2
IS employee an asset of a company ?? If YES then why don’t we treat them according to IAS 16 or IAS 38 ?? and if NO then why NO ??
January 26, 2011 at 6:24 pm #76492
MikeLittle
Keymaster
- Topics: 27
- Replies: 23200
No, because the employer does not control the employee – he / she can leave their employment at any time. Therefore, because control is absent, an emloyee does not satisfy the definition of an asset ( see the Framework for the definition – or look at OT course notes )
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.