Last Updated on 12/02/2020 by 75385885
IAS 26 Accounting and Reporting by Retirement Benefit Plans
IAS 26 Scope Definitions
1 This Standard shall be applied in the financial statements of retirement benefit plans where such financial statements are prepared.
2 Retirement benefit plans are sometimes referred to by various other names, such as ‘pension schemes’, ‘superannuation schemes’ or ‘retirement benefit schemes’. This Standard regards a retirement benefit plan as a reporting entity separate from the employers of the participants in the plan. All other Standards apply to the financial statements of retirement benefit plans to the extent that they are not superseded by this Standard.
3 This Standard deals with accounting and reporting by the plan to all participants … Read more