Employee Benefits (IAS 19) - Actuarial Society of India

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AS 15 – Employee Benefits• It covers all type of employees, full time, part time,permanent , casual or temporary basis.• This statement does not deal with accounting andreporting by employee benefit plan.• Employee benefit expense should be charged to P & L,unless other accounting standard requires It to bedebited d to cost of assets (e.g. AS-10).• It does not apply to only benefits provided under formalplans and arrangement, it also applies to those informalpractices that give rise to an obligation (i.e whereenterprise has no alternative but to pay employeebenefit).www.carajkumarradukia.com 46
AS 15 – Employee Benefits• The rate of discount should be determined withreference to market yields on government bonds, thecurrency and terms of which should be consistent withthe estimated terms of the obligation.• Where an enterprise has its own Provident Fund, there isan obligation to pay the minimum interest prescribed bythe authorities irrespective of the interest actually earnedby the Fund. In such an event this would need to betreated as a defined “benefit” plan instead of as defined“contribution” plan and additional provisioning for anyexpected shortfall in interest may need to be made.www.carajkumarradukia.com 47
Page 5 and 6: Basic Principle of IAS 19• The co
Page 7 and 8: IAS 19 Applies to1. Wages and Salar
Page 9 and 10: Revised IAS 19• The IASB had publ
Page 11 and 12: The Revision impact onEnterprises
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: IFRIC 14: IAS 19 - The Limit on aDe
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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