Employee Benefit Accounting : IAS 18 Revised ( The rules for this game have changed !)
Finally employee Benefit accounting seems to be simplified. IAS 18 Revised have introduced some concrete and simple guidelines for accounting for employee benefit plans. Though the terminologies remain the same, new concept of Remeasurements (A broad term which includes actuarial gains and losses) is introduced. These are directly recognized in Other Comprehensive Income (Earlier options like Corridor method etc are no more available).
Finally employee Benefit accounting seems to be simplified. IAS 18 Revised have introduced some concrete and simple guidelines for accounting for employee benefit plans. Though the terminologies remain the same, new concept of Remeasurements (A broad term which includes actuarial gains and losses) is introduced. These are directly recognized in Other Comprehensive Income (Earlier options like Corridor method etc are no more available).
