Last Updated on 23/02/2020 by 75385885
IAS 19 Employee Benefits
IAS 19 Objective and Scope
Objective IAS 19 Objective and Scope
1 The objective of this Standard is to prescribe the accounting and disclosure for employee benefits. The Standard requires an entity to recognise:
- a liability when an employee has provided service in exchange for employee benefits to be paid in the future; and
- an expense when the entity consumes the economic benefit arising from service provided by an employee in exchange for employee benefits.
2 This Standard shall be applied by an employer in accounting for all employee benefits, except those to which IFRS 2 Share-based Payment applies.
3 This Standard does not deal with reporting by employee … Read more