IAS 19 Employee Benefits

International Accounting Standard 19

Issued: in 1983; re-issued in 1998 and 2011, followed by amendments
Effective date: 1 January 2013
What it does:
- it classifies employee benefits into 4 main categories::
  1. Short-term employee benefits;
  2. Post-employment benefits;
  3. Other long-term employee benefits;
  4. Termination benefits.
- It prescribesthe accounting treatment and presentation of separately for each category.
- It further classifies post-employment benefits into two categories:
  1. Defined benefit plans;
  2. Defined contribution plans.
- For certain categories, IAS 19 establishes rules for application of various actuarial assumptions; it explains how to recognize and measure present value of defined benefit obligation, current service cost, past service cost and items in profit or loss. It also deals with plan assets, curtailments and settlements, presentation and disclosures.

Summary of IAS 19 Employee Benefits
How to Account for Employee Loans - if you provide interest-free or below-market-rate loans to your employees, then you effectively provide employee benefits. Learn here how to account for them.
How To Extrapolate Along Yield Curve - if you need to derive a discount rate for calculating your defined benefit plan liability, this is the methodology. Detailed numerical example is included in the IFRS Kit.

How to account for dividends paid to employees - no, not always as a distribution of equity!
The first job or the actual job? - when to recognize a liability for employee benefits?

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