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Gripping Ifrs Employee Benefitschapter 16 487 Employee Benefits Apply to Any Type of Settlement – with the Exception of Share-Basedpayments. These Payments Were Previously Included Within This Standard (Ias 19: Essay

  • Submitted by: ZawmGangte
  • on August 15, 2015
  • Category: College Admissions
  • Length: 831 words

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Below is an essay on "Gripping Ifrs Employee Benefitschapter 16 487 Employee Benefits Apply to Any Type of Settlement – with the Exception of Share-Basedpayments. These Payments Were Previously Included Within This Standard (Ias 19:" from Anti Essays, your source for research papers, essays, and term paper examples.

Gripping IFRS Employee benefitsChapter 16
487
Employee benefits apply to any type of
settlement
– with the exception of share-basedpayments. These payments were previously included within this standard (IAS 19:
Employeebenefits
) but are now covered by its very own standard, IFRS 2:
Share based payments.
Employee benefits therefore include settlements made by an entity in the form of:


cash (e.g. cash salary);


goods (e.g. free products); or


services (e.g. free medical check-ups).Post-employment benefits could come in the form of defined
contribution
plans or defined
benefit
plans. Defined benefit plans are relatively complex to account for and require lots of disclosure. Although defined benefit plans are not as commonly encountered in practice asdefined contribution plans, it is still important for you to understand how to account for them.IAS 19 requires a lot of disclosure for post-employment benefits where they are defined
benefit
plans whereas there is either little or no disclosure required for the other types of benefits. There are, however, other disclosure requirements that emanate from other standardssuch as:


IAS 1
Presentation of Financial Statements
:-

requiring disclosure of the employee benefit expense


IAS 24
Related Party Disclosures:
-

requiring disclosure of each type of benefit provided to key management personnel


IAS 37
Provisions, Contingent Liabilities and Contingent Assets:
-

which

may require that a contingent liability be disclosed.In addition to other standards requiring disclosure relating to the employee benefit/s, otherdisclosure may be required by the:


Companies Ordinance, 1984 : in respect of directors’ remuneration (see Part III of


Code of Corporate Governance.Schedule)
2

Short-term employee benefits (IAS 19.8 – 19.23)2.1

Overview of short-term benefits
Short-term employee benefits include benefits that are due within twelve...

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MLA Citation

"Gripping Ifrs Employee Benefitschapter 16 487 Employee Benefits Apply to Any Type of Settlement – with the Exception of Share-Basedpayments. These Payments Were Previously Included Within This Standard (Ias 19:". Anti Essays. 21 Apr. 2019

<https://www.antiessays.com/free-essays/Gripping-Ifrs-Employee-Benefitschapter-16-487-760986.html>

APA Citation

Gripping Ifrs Employee Benefitschapter 16 487 Employee Benefits Apply to Any Type of Settlement – with the Exception of Share-Basedpayments. These Payments Were Previously Included Within This Standard (Ias 19:. Anti Essays. Retrieved April 21, 2019, from the World Wide Web: https://www.antiessays.com/free-essays/Gripping-Ifrs-Employee-Benefitschapter-16-487-760986.html