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IFRS in Focus — IASB amends accounting for post-employment benefits

Published on: 28 Jun 2011

On 16 June 2011, the International Accounting Standards Board (IASB) issued amendments to IAS 19 Employee Benefits that change the accounting for defined benefits plans and termination benefits.

The objective of this limited scope project was to improve the financial reporting of employee benefits by:

  • reporting changes in defined benefit obligations and in the fair value of plan assets in a more understandable way
  • elimination some presentation options current allowed under IAS 10, thus improving comparability
  • clarifying requirements that have resulted in diverse practices
  • improving disclosures about the risks arising from defined benefit plans.


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