ACCA P2 Video Lecture 1 for 2017-18 Attempts

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ACCA P2 Video Lecture 1 for 2017-18 Attempts

IAS 19 Employee Benefits ACCA P2 Video Lecture 1 for 2017-18 Attempts. You can watch video lectures of ACCA here in this channel and other tutorials too. In this video we have discussed about IAS 19 Employee benefits. This accounting standard defined some rules on how to account for the benefit. There are four type of benefit;

1. Post Employment

2. Short Term

3. Termination

4. Other Long Term

IAS 19 Employee Benefits, In this video we have discussed the remaining part of the IAS 19 Employee Benefits. Accounting for the defined contribution Plan, in this plan the employer has committed a fixed amount of benefits to his employees at their retirement. It can be any benefit like the 2 % of their final salary will be paid as pension after their retirement. IAS 19 Employee Benefits deals with it. Accounting for defined contribution have long-term liability so it will be calculated at PV and the Plan Assets will be calculated at fair value according to the IAS 19 Employee Benefits. This calculation is complicated, so the mostly company uses actuaries for it. They calculated the Long Term Liability and the value of Plan Assets Depending on the different assumptions.

ACCA P2 Video Lecture 1 Part 1/2

ACCA P2 Video Lecture 1 Part 2/2