Plans to reform IAS 19, Employee
Benefits, may hit the balance sheet but will remove discrepancies
on the P&L, says Kenneth Donaldson
The International Accounting Standards Board (IASB) has amended
IAS 19, Employee Benefits, and the revisions
take effect for accounting periods beginning on or after 1 January
2013. This article focuses on the implications for defined benefit
(DB) pension schemes.
The changes replace the three existing (and very different)
alternative balance sheet and income disclosures with a single approach
enabling better like-for-like, cross-company comparison.
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