IAS 19 – Employee Benefits

Introduction The accounting standard IAS 19 Employee Benefits prescribes rules for recognition of various types of benefits that employers provide to employees. Purpose Main objective of IAS 19 is accounting and disclosure for employee benefits. IAS 19 requires recognition of: a liability¬†when an employee provides their service (work) in exchange for employee benefits (e.g. pension), paid in the future an expense¬†when the entity consumes the economic benefit arising from service…

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