IAS 19 Employee Benefits | Pension Defined Benefit Plan| IFRS Lectures | International Accounting

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  • čas přidán 8. 07. 2024
  • In this session, I explain IAS 19 employee benefits. IAS 19 is covered in international accounting course and ACCA exam. IAS 19 requires an entity to recognise: a liability when an employee has provided service in exchange for employee benefits to be paid in the future; and. an expense when the entity consumes the economic benefit arising from the service provided by an employee in exchange for employee benefits. IAS 19 or International Accounting Standard Nineteen rule concerning employee benefits under the IFRS rules set by the International Accounting Standards.
    ✔️Accounting students and CPA Exam candidates, check my website for additional resources: farhatlectures.com/
    📧Connect with me on social media: linktr.ee/farhatlectures
    #CPAEXAM #ACCA #accountingstudent
    IAS 19 prescribes the accounting for all types of employee benefits except share-based payment, to which IFRS 2 applies. Employee benefits are all forms of consideration given by an entity in exchange for service rendered by employees or for the termination of employment. IAS 19 requires an entity to recognise:
    a liability when an employee has provided service in exchange for employee benefits to be paid in the future; and
    an expense when the entity consumes the economic benefit arising from the service provided by an employee in exchange for employee benefits
    My website: farhatlectures.com/
    Facebook page: / accountinglectures
    LinkedIn: goo.gl/Pp2ter
    Twitter: / farhatlectures
    Email Contact: Mansour.farhat@gmail.com

Komentáře • 62

  • @priyvrattripathi3641
    @priyvrattripathi3641 Před 4 lety +1

    This has undoubtedly covered almost all of the problems I had with this IAS 19, Thanks as always!!!

  • @zulfiqardurrani3483
    @zulfiqardurrani3483 Před 3 lety +5

    One of the best CPA Tutors on CZcams.

    • @AccountingLectures
      @AccountingLectures  Před 3 lety

      You are welcome.
      Check my website for more:
      ✔farhatlectures.com/
      ✔Instagram: @farhatlectures
      ✔ Linkedin: www.linkedin.com/in/professorfarhat/
      ✔Facebook:@accountinglectures
      ✔Twitter: @farhatlectures
      🎤Email: Mansour.farhat@gmail.com

  • @kajaldubey3576
    @kajaldubey3576 Před 3 lety +5

    Nicely explained!! It was amazing listening to you because you made the whole standard sound so simple. Thank you sir :)

  • @TheJustin500
    @TheJustin500 Před 4 lety +5

    One of the best accounting channels in youtube. You seriously need some more views and more recognition. Please keep up the good work!

    • @AccountingLectures
      @AccountingLectures  Před 4 lety

      You are most welcome. Please subscribe and share.
      If you want to access more resources, check my website: farhatlectures.pathwright.com/library/
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      Email: Mansour.farhat@gmail.com

  • @chawankawa4506
    @chawankawa4506 Před 4 lety +6

    I’m amazed Farhat by ur active performance! Good jobbb

    • @AccountingLectures
      @AccountingLectures  Před 4 lety

      Please subscribe and share the channel on
      social media.
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  • @sumitbaghel2.0
    @sumitbaghel2.0 Před 2 lety

    thank you so much for this lecture , you made this so simple .

  • @daisytang1415
    @daisytang1415 Před 4 lety +3

    This is a really good lecture.The best by far for me! 👍👍
    Well presented and easy to understand.
    Thanks for your videos!!

    • @AccountingLectures
      @AccountingLectures  Před 4 lety +1

      You are most welcome. Please subscribe and share.
      If you want to access more resources, check my website: farhatlectures.pathwright.com/library/
      Connect with me:
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      Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures
      Twitter: twitter.com/farhatlectures
      Email: Mansour.farhat@gmail.com

  • @farougosman6289
    @farougosman6289 Před 4 lety

    Many thanks for the comprehensive explanation you have provided.

    • @AccountingLectures
      @AccountingLectures  Před 4 lety

      You are welcome. Please subscribe and share the channel on
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  • @liberatusterentiusrugumisa6711

    Honestly you rock it, thanks abundantly

    • @AccountingLectures
      @AccountingLectures  Před 4 lety

      You are most welcome. Please subscribe and share.
      farhatlectures.pathwright.com/library/
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      Email: Mansour.farhat@gmail.com

  • @oversol5469
    @oversol5469 Před 4 lety +1

    This channel has been such a big help

    • @AccountingLectures
      @AccountingLectures  Před 4 lety

      You are most welcome. Please subscribe and share. If you want to access more resources, check my website:
      ✔farhatlectures.com/
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  • @realestatewithlilianayepes5121

    This channel has helped me so much!

    • @AccountingLectures
      @AccountingLectures  Před 4 lety

      You are most welcome. Please subscribe and share. If you want to access more resources, check my website:
      ✔farhatlectures.com/
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      🎤Email: Mansour.farhat@gmail.com

  • @aaroacademy
    @aaroacademy Před rokem +1

    Keep up this great work! Well explained.

    • @AccountingLectures
      @AccountingLectures  Před rokem

      Thanks, will do! Thank you. For more resources check out my website: www.farhatlectures.com

  • @kk-ex5ro
    @kk-ex5ro Před 4 lety +1

    Excellent and very detailed. Thank you.

    • @AccountingLectures
      @AccountingLectures  Před 4 lety

      You are welcome. Please subscribe and share the channel on
      social media.
      Please connect with me:
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  • @ramjattanbridgelalsingh7496

    Thank you very much, amazingly explained

    • @AccountingLectures
      @AccountingLectures  Před rokem

      Glad it was helpful! Thank you and please visit the website for more farhatlectures.com/

  • @justinbrixsatiembre8314
    @justinbrixsatiembre8314 Před 2 lety +1

    Nice! Very helpful and the topics are well arranged. Good job sir!

  • @sakibshaikh6729
    @sakibshaikh6729 Před 4 lety +1

    Very deligated work + Hard work...yes i m going to follow u...instagram and CZcams...

    • @AccountingLectures
      @AccountingLectures  Před 4 lety

      You are most welcome. Please subscribe and share. If you want to access more resources, check my website:
      ✔farhatlectures.com/
      ✔Instagram: @farhatlectures
      ✔ Linkedin: www.linkedin.com/in/professorfarhat/
      ✔Facebook:@accountinglectures
      ✔Twitter: @farhatlectures
      🎤Email: Mansour.farhat@gmail.com

  • @dannyp888
    @dannyp888 Před rokem

    Thank you for your help. Great breakdown

    • @AccountingLectures
      @AccountingLectures  Před rokem

      Very welcome! Thank you and please visit the website for more farhatlectures.com/

  • @drd3702
    @drd3702 Před 4 lety +1

    much appreciated sir

    • @AccountingLectures
      @AccountingLectures  Před 4 lety

      You are most welcome. Please subscribe and share. If you want to access more resources, check my website:
      farhatlectures.com/ Connect with me: Instagram Account:
      instagram.com/farhatlectures/ Linkedin:
      www.linkedin.com/in/professorfarhat/
      Facebook:
      facebook.com/accountinglectures Twitter:
      twitter.com/farhatlectures Email: Mansour.farhat@gmail.com

  • @rmusic8969
    @rmusic8969 Před 2 lety

    Thank you

  • @lanniecandidatomllcb
    @lanniecandidatomllcb Před 4 lety

    Hi Farhan, for US GAAP, what year are we going to first recognize the amortization? Is it in Year 7 or Year 8?

  • @durdanaaliyeva
    @durdanaaliyeva Před 3 lety +1

    The best explanation

    • @AccountingLectures
      @AccountingLectures  Před 3 lety +1

      You are most welcome. Please subscribe and share. If you want to access more resources, check my website:
      ✔farhatlectures.com/
      ✔Instagram: @farhatlectures
      ✔ Linkedin: www.linkedin.com/in/professorfarhat/
      ✔Facebook:@accountinglectures
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      🎤Email: Mansour.farhat@gmail.com

  • @priyankajaiswal7756
    @priyankajaiswal7756 Před 3 lety +2

    Very well explained 👍🏻👍🏻

    • @AccountingLectures
      @AccountingLectures  Před 3 lety

      You are welcome.
      Check my website for more:
      ✔farhatlectures.com/
      ✔Instagram: @farhatlectures
      ✔ Linkedin: www.linkedin.com/in/professorfarhat/
      ✔Facebook:@accountinglectures
      ✔Twitter: @farhatlectures
      🎤Email: Mansour.farhat@gmail.com

  • @khalidmohammed9653
    @khalidmohammed9653 Před 2 lety

    i don’t understand ( asset ceiling )and how do you show the asset ceiling in the example is $525 ?can you explain me in briefly( asset ceiling )?

  • @rishabbohra7708
    @rishabbohra7708 Před 4 lety +1

    Is the video up to date and relevant since there has been updates and changes in IAS 19 last year.
    And is it relevant for ACCA SBR?

  • @soniaram3803
    @soniaram3803 Před 9 měsíci

    thank you for your lecture.. you were saying When PVDBO > FVPA, then a deficit exists --> Liability
    When PVDBO < FVPA, then a surplus arises--> Asset.. May i ask what is the journal entry for this?

  • @TheScawer
    @TheScawer Před 2 lety +1

    A nice video, actuary here, to actually tell you, that when you skipped that part because "acturies will give you this number" I thought to myself: "Haha, no I won't! Because this guy in that video didn't explain how. :D" Anyway, a really nice explanation, even as a non-accountant I was able to somewhat follow it, I especially appreacite your examples, they helped the most!

    • @AccountingLectures
      @AccountingLectures  Před 2 lety

      I am curios of how you end up watching an accounting related video. Just curios.

    • @TheScawer
      @TheScawer Před 2 lety

      @@AccountingLectures Well, despite my joke earlier, I will actually be delivering those numbers soon, so I'm trying to understand IAS19 better.

  • @adedoyinkalesanwo6585
    @adedoyinkalesanwo6585 Před 2 lety +1

    Thank you.

  • @ayatalwaqedi1336
    @ayatalwaqedi1336 Před 4 lety

    You're super thank you, But I'm actually confused why we multiply by the interest rate when coming up with the net plan asset why it's not simply the difference between the actual and expected return. Thanks

  • @Tsedenisboring
    @Tsedenisboring Před 3 lety

    Thank u!

    • @AccountingLectures
      @AccountingLectures  Před 3 lety +1

      You are welcome..
      Check my website for more:
      ✔farhatlectures.com/
      ✔Instagram: @farhatlectures
      ✔ Linkedin: www.linkedin.com/in/professorfarhat/
      ✔Facebook:@accountinglectures
      ✔Twitter: @farhatlectures
      🎤Email: Mansour.farhat@gmail.com

  • @lauremathilde9363
    @lauremathilde9363 Před 2 lety

    Thanks for a great video. One question: the corridor approach was cancelled, correct? At least it was done in ipsas 39. Thanks

  • @laminulams8723
    @laminulams8723 Před 4 lety +2

    Good day Professor, how this study differs from those of intermediate accounting classes.
    I mean, can I use the method in intermediate accounting too; to handle employee benefit problems?

  • @Sairapretty
    @Sairapretty Před 3 lety

    Hi,
    I was wondering if you could explain the narrow-scope amendment to IAS 19 for pension benefits that depend on asset returns. What does this mean and does this amendment have anything to do with Covid-19? I was also wondering if there’s been any changes to accounting for pensions due to the pandemic or impact COVID-19 had on pensions. I would greatly appreciate ur response. Thank you!

  • @ManpreetKaur-vv8mx
    @ManpreetKaur-vv8mx Před 3 lety

    is corridor approach allowed in IFRS also?

    • @-elite9607
      @-elite9607 Před 3 lety

      Cn be referred to as IFRS says it

  • @the_bna5395
    @the_bna5395 Před 3 lety +3

    Hi Prof, I think your kingdom needed you 19:52

    • @AccountingLectures
      @AccountingLectures  Před 3 lety

      YOu are welcome.
      Check my website for more:
      ✔farhatlectures.com/
      ✔Instagram: @farhatlectures
      ✔ Linkedin: www.linkedin.com/in/professorfarhat/
      ✔Facebook:@accountinglectures
      ✔Twitter: @farhatlectures
      🎤Email: Mansour.farhat@gmail.com

    • @muhammadrakibulhossain6239
      @muhammadrakibulhossain6239 Před 3 lety

      Lol, I just noticed it right now

  • @rozianatalib3572
    @rozianatalib3572 Před 4 lety

    RT

  • @edanmadder3630
    @edanmadder3630 Před 4 lety +1

    you have Got a subscription (y)

    • @AccountingLectures
      @AccountingLectures  Před 4 lety

      You are most welcome. Please subscribe and share. If you want to access more resources, check my website:
      ✔farhatlectures.com/
      ✔Instagram: @farhatlectures
      ✔ Linkedin: www.linkedin.com/in/professorfarhat/
      ✔Facebook:@accountinglectures
      ✔Twitter: @farhatlectures
      🎤Email: Mansour.farhat@gmail.com