IAS 26 Scope Definitions

Scope

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 Continue reading

IAS 26 Defined contribution plans

13 The financial statements of a defined contribution plan shall contain a statement of net assets available for benefits and a description of the funding policy.

14 Under a defined contribution plan, the amount of a participant’s future benefits is determined by the contributions paid by the employer, the participant, or both, and the operating efficiency and investment earnings of the fund. An employer’s obligation is usually discharged by contributions to the fund. An actuary’s advice is not normally Continue reading

IAS 26 Defined benefit plans

17 The financial statements of a defined benefit plan shall contain either:

  1. a statement that shows:
    1. the net assets available for benefits;
    2. the actuarial present value of promised retirement benefits, distinguishing between vested benefits and non-vested benefits; and
    3. the resulting excess or deficit; or
  2. a statement of net assets available for benefits including either:
    1. a note disclosing the actuarial present value of promised retirement benefits, distinguishing between vested benefits and non-vested benefits; or
    2. a reference to this information in
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