What is the objective of IAS 19?

The objective of IAS 19 is to prescribe the accounting and dis­clo­sure for employee benefits, requiring an entity to recognise a liability where an employee has provided service and an expense when the entity consumes the economic benefits of employee service. [IAS 19 (2011).2]

Is there an amended version of IAS 19?

Amended version of IAS 19 issued in 2011. IAS 19 Employee Benefits (2011) is an amended version of, and supersedes, IAS 19 Employee Benefits (1998), effective for annual periods beginning on or after 1 January 2013.

What is the difference between IAS 19 (2011) and ias19 employee benefits?

IAS 19 (2011) was issued in 2011, su­per­sedes IAS 19 Employee Benefits (1998), and is ap­plic­a­ble to annual periods beginning on or after 1 January 2013. IAS 19 Employee Benefits (2011) is an amended version of, and su­per­sedes, IAS 19 Employee Benefits (1998), effective for annual periods beginning on or after 1 January 2013.

What are the assumptions of IAS 19 (2011)?

[IAS 19(2011).75-76]: Financial assumptions must be based on market expectations at the end of the reporting period [IAS 19(2011).80] Mortality assumptions are determined by reference to the best estimate of the mortality of plan members during and after employment [IAS 19(2011).81]

What is included in OCI under IAS 19?

Under IAS 19R, these items must be recognised in OCI, as well as the difference between the (expected) net interest income and the actual return (IAS 19: actuarial gains and losses on plan assets). Profit or loss based on IAS 19R will therefore only include service cost and net interest.

What are IAS 19 liabilities and expenses?

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.