Employee Benefits (IAS 19) - Actuarial Society of India

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Highlights of Revised IAS 19• Revised IAS 19 requires full recognition of deficit orsurplus (actuarial gains and losses) to be fullyrecognized on the balance sheet date.• Under the revised standard the net interest income isincluded is introduced as the equivalent of expectedreturn on plan assets under IAS 19.• The defined benefit cost under the revised standardcomprises of service cost, net interest andremeasurements.• A very extensive disclosure requirements are put forthunder the revised standard d especially those relating tocharacteristics, risk and the presented figures in thefinancial statements regarding defined benefit planswww.carajkumarradukia.com 10
The Revision impact onEnterprises• The “corridor approach” being removed• Assumption for the expected return on assetseliminated• Immediate recognition of the plan basedamendments in the Profit or Loss account• Increased requirements on disclosure ofinformation• Removal of recognition of gains or losses in theprofit or loss account• Application of mark-to market approach and‘ceiling tests’ on plan based assetswww.carajkumarradukia.com 11
Page 5 and 6: Basic Principle of IAS 19• The co
Page 7 and 8: IAS 19 Applies to1. Wages and Salar
Page 9: Revised IAS 19• The IASB had publ
Page 13 and 14: Revised Goal of Enterprises afterRe
Page 15 and 16: Type of Employee Benefit Plans• H
Page 17 and 18: Termination Benefits• An entity i
Page 19 and 20: Defined Contribution Plan - DCPwww.
Page 21 and 22: DCP - Financial Statement• Income
Page 23 and 24: Defined Benefit Plan - DBPwww.caraj
Page 25 and 26: Defined Benefit Schemes• It may b
Page 27 and 28: Arriving at DBP Liability• The de
Page 29 and 30: Valuation of Defined Benefit Plan
Page 31 and 32: List of 9 asset valuation methods1.
Page 33 and 34: Funding of Pension Planswww.carajku
Page 35 and 36: Pension Plans with no Funding• A
Page 37 and 38: Actuarial Valuation Assumptions•
Page 39 and 40: Financial Assumptions• Discount R
Page 41 and 42: Effects of changes in actuarialassu
Page 43 and 44: Asset Ceiling Test (ACT)• The amo
Page 45 and 46: IFRIC 14: IAS 19 - The Limit on aDe
Page 47 and 48: AS 15 - Employee Benefits• The ra
Page 49 and 50: Ind AS 19 Vs IAS 19• Actuarial ga
Page 51 and 52: FAS 158 -Employers’ Accountingfor
Page 53 and 54: FAS 158 -Employers’ Accountingfor
Page 55 and 56: Disclosure Requirementswww.carajkum
Page 57 and 58: Questions/ Suggestions/Comments???w

Employee Benefits (IAS 19) - Actuarial Society of India

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