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.
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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
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This has undoubtedly covered almost all of the problems I had with this IAS 19, Thanks as always!!!
One of the best CPA Tutors on CZcams.
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Nicely explained!! It was amazing listening to you because you made the whole standard sound so simple. Thank you sir :)
One of the best accounting channels in youtube. You seriously need some more views and more recognition. Please keep up the good work!
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I’m amazed Farhat by ur active performance! Good jobbb
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thank you so much for this lecture , you made this so simple .
This is a really good lecture.The best by far for me! 👍👍
Well presented and easy to understand.
Thanks for your videos!!
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Many thanks for the comprehensive explanation you have provided.
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Honestly you rock it, thanks abundantly
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This channel has been such a big help
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This channel has helped me so much!
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Keep up this great work! Well explained.
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Excellent and very detailed. Thank you.
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Thank you very much, amazingly explained
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Nice! Very helpful and the topics are well arranged. Good job sir!
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Very deligated work + Hard work...yes i m going to follow u...instagram and CZcams...
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Thank you for your help. Great breakdown
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much appreciated sir
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Thank you
Hi Farhan, for US GAAP, what year are we going to first recognize the amortization? Is it in Year 7 or Year 8?
The best explanation
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Very well explained 👍🏻👍🏻
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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 )?
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?
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?
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!
I am curios of how you end up watching an accounting related video. Just curios.
@@AccountingLectures Well, despite my joke earlier, I will actually be delivering those numbers soon, so I'm trying to understand IAS19 better.
Thank you.
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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
Thank u!
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Thanks for a great video. One question: the corridor approach was cancelled, correct? At least it was done in ipsas 39. Thanks
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?
Intermediate Accounting is US GAAP, This is IFRS.
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!
is corridor approach allowed in IFRS also?
Cn be referred to as IFRS says it
Hi Prof, I think your kingdom needed you 19:52
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Lol, I just noticed it right now
RT
you have Got a subscription (y)
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