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....
Long term benefits
Other long-term employee benefits that could arise include long-term disability payments, anniversary payments or bonus payments which are payable greater than 12 months after the period end.
The treatment for these payments is...
When a company hires staff, the employee provides services to the employer in the form of work. In this article we'll also take a quick look at some of the journal entries you should...