IASB announces changes to post-employment benefit accounting

Following a long process of consultation and draft amendments to IAS19, the IASB has finally announced the details of the changes to post-employment benefit accounting effective for financial years 2013 onwards.

The main change is removal of the option for companies to defer the recognition of actuarial gains and losses, improving comparability and the transparency of the companies’ true pension and other post-employment benefit liabilities. Furthermore, the changes will require more detailed and new disclosure items regarding these liabilities.




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