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IAS 19, Employee Benefits

Date recorded:

The Board decided to revise IAS 19 to eliminate inconsistencies and complexities surrounding the accounting for post-employee benefit plans. The main paragraph identified for revision was paragraph 58, which can result in an actuarial loss being deferred on the balance sheet if there is a surplus in the pension fund. The corridor principle was also identified as complex. No decision was made on the solution to these issues. Possible solutions will be presented at the next IASB meeting.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.