• Register
Return to: Home > News > Standards > IASB proposes partial amendments to IAS 19

IASB proposes partial amendments to IAS 19

The International Accounting Standards Board (IASB) has issued an exposure draft in which proposes limited amendments to IAS 19 Employee Benefits.

The proposed amendments affect the accounting treatment of contributions from employees and third parties to defined benefit plans.

IASB said in a statement the objective is to offer a simpler guidance "when the contributions payable in a particular period are linked solely to the employee's service rendered in that period".

As a concrete example of areas subject to change, IASB referred to the accounting for employee contributions that are calculated according to a fixed percentage of salary.

IASB is proposing that such contributions could be recognised "as a reduction in the service cost in the same period in which they are payable" but only if they are exclusively linked "to the employee's service rendered in that period".

The proposed amendment creates an exemption to the principle established by IAS 19. According the standard employee benefits should be recognised in the period in which the benefit is earned by the employee, rather than when it is paid or payable.

The deadline to comment on IASB's exposure draft is 25 July 2013


Related link

IASB: Defined Benefit Plans: Employee Contributions Proposed amendments to IAS 19


Top Content

    ARGA team, assemble!

    The new top team has been named that will see in root-and-branch reform at the Financial Reporting Council (FRC) as it transforms into the Audit, Reporting and Governance Authority (ARGA). Will the new duo be as dynamic as some are hoping? Robin Amlôt reports.

    read more

    FASB: a quest for simpler standards

    FASB chair Russell Golden addressed the IMA 2019 Annual Conference and Expo at the Sheraton San Diego Hotel and Marina, California, on 18 June. IMA immediate former chair-emeritus Alex Eng acted as moderator. Joe Pickard reports.

    read more

    The future of audit, and how to get there

    Two recent reports peer into the future of the audit profession. One analyses what an audit should offer, while the other looks at how the audit process will be carried out. Robin Amlôt takes a closer look at both.

    read more

    EFAA elects new president, focuses on digital future

    EFAA’s new president, Salvador Marin, outlined his key priorities for the next two years at the organisation’s 2019 annual general meeting, while outgoing president Bodo Richardt offered advice. Robin Amlôt reports.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.