Financial statements of defined benefit pension plans
In this post we look over the different areas of the financial statements that are affected by a defined benefit pension plan.
Statement of Financial Position
Both the pension assets...
How should you deal with changes in the fair value of pension scheme assets?
Each year the fair value of the pension plan or scheme's assets will change.
This is affected by:
Payments into the scheme by...
Post-employment benefits, by their name, are benefits that are given, or will be given, to employees after they have left the company.
The main type of post-employment benefit we will come across is a...
What are future pension obligations?
Future pension obligations are the liabilities a pension plan has to pay the pensions for current employees when they retire, and also to pay the pensions of employees who have...
In this article, we'll take a quick look over pension assets for under IAS 19 Employee Benefits.
When a company contributes money into a pension fund, the money is invested in shares, bonds and other investments....
What you need to know for IAS 19 Employee Benefits
Accounting treatment of short term and long term employee benefits
Accounting treatment of pension plans (defined contribution and defined benefit)
How to account for gains and losses on...