IAS 19 Employee Benefits | Pension Defined Benefit Plan| IFRS Lectures | International Accounting
In this session, I explain IAS 19 employee benefits. IAS 19 is covered in international accounting course and ACCA exam. 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. IAS 19 or International Accounting Standard Nineteen rule concerning employee benefits under the IFRS rules set by the International Accounting Standards.
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IAS 19 prescribes the accounting for all types of employee benefits except share-based payment, to which IFRS 2 applies. Employee benefits are all forms of consideration given by an entity in exchange for service rendered by employees or for the termination of employment. 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
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Пікірлер: 62
This has undoubtedly covered almost all of the problems I had with this IAS 19, Thanks as always!!!
Nicely explained!! It was amazing listening to you because you made the whole standard sound so simple. Thank you sir :)
One of the best accounting channels in youtube. You seriously need some more views and more recognition. Please keep up the good work!
@AccountingLectures
4 жыл бұрын
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: farhatlectures.pathwright.com/library/ Connect with me: Instagram Account: instagram.com/farhatlectures/ Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Twitter: twitter.com/farhatlectures Email: Mansour.farhat@gmail.com
One of the best CPA Tutors on KZread.
@AccountingLectures
3 жыл бұрын
You are welcome. Check my website for more: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com
I’m amazed Farhat by ur active performance! Good jobbb
@AccountingLectures
5 жыл бұрын
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This is a really good lecture.The best by far for me! 👍👍 Well presented and easy to understand. Thanks for your videos!!
@AccountingLectures
4 жыл бұрын
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: farhatlectures.pathwright.com/library/ Connect with me: Instagram Account: instagram.com/farhatlectures/ Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Twitter: twitter.com/farhatlectures Email: Mansour.farhat@gmail.com
thank you so much for this lecture , you made this so simple .
Honestly you rock it, thanks abundantly
@AccountingLectures
4 жыл бұрын
You are most welcome. Please subscribe and share. farhatlectures.pathwright.com/library/ Instagram Account: instagram.com/farhatlectures/ Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Twitter: twitter.com/farhatlectures Email: Mansour.farhat@gmail.com
Many thanks for the comprehensive explanation you have provided.
@AccountingLectures
4 жыл бұрын
You are welcome. Please subscribe and share the channel on social media. Please connect with me: Instagram: instagram.com/farhatlectures/ LinkedIn: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures
This channel has helped me so much!
@AccountingLectures
4 жыл бұрын
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com
This channel has been such a big help
@AccountingLectures
4 жыл бұрын
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com
Very deligated work + Hard work...yes i m going to follow u...instagram and KZread...
@AccountingLectures
4 жыл бұрын
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com
Nice! Very helpful and the topics are well arranged. Good job sir!
@AccountingLectures
2 жыл бұрын
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Excellent and very detailed. Thank you.
@AccountingLectures
4 жыл бұрын
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You're super thank you, But I'm actually confused why we multiply by the interest rate when coming up with the net plan asset why it's not simply the difference between the actual and expected return. Thanks
Keep up this great work! Well explained.
@AccountingLectures
Жыл бұрын
Thanks, will do! Thank you. For more resources check out my website: www.farhatlectures.com
Hi Farhan, for US GAAP, what year are we going to first recognize the amortization? Is it in Year 7 or Year 8?
Thank you very much, amazingly explained
@AccountingLectures
Жыл бұрын
Glad it was helpful! Thank you and please visit the website for more farhatlectures.com/
A nice video, actuary here, to actually tell you, that when you skipped that part because "acturies will give you this number" I thought to myself: "Haha, no I won't! Because this guy in that video didn't explain how. :D" Anyway, a really nice explanation, even as a non-accountant I was able to somewhat follow it, I especially appreacite your examples, they helped the most!
@AccountingLectures
2 жыл бұрын
I am curios of how you end up watching an accounting related video. Just curios.
@TheScawer
2 жыл бұрын
@@AccountingLectures Well, despite my joke earlier, I will actually be delivering those numbers soon, so I'm trying to understand IAS19 better.
thank you for your lecture.. you were saying When PVDBO > FVPA, then a deficit exists --> Liability When PVDBO Asset.. May i ask what is the journal entry for this?
Thank you for your help. Great breakdown
@AccountingLectures
Жыл бұрын
Very welcome! Thank you and please visit the website for more farhatlectures.com/
Thanks for a great video. One question: the corridor approach was cancelled, correct? At least it was done in ipsas 39. Thanks
much appreciated sir
@AccountingLectures
4 жыл бұрын
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: farhatlectures.com/ Connect with me: Instagram Account: instagram.com/farhatlectures/ Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Twitter: twitter.com/farhatlectures Email: Mansour.farhat@gmail.com
Hi, I was wondering if you could explain the narrow-scope amendment to IAS 19 for pension benefits that depend on asset returns. What does this mean and does this amendment have anything to do with Covid-19? I was also wondering if there’s been any changes to accounting for pensions due to the pandemic or impact COVID-19 had on pensions. I would greatly appreciate ur response. Thank you!
Very well explained 👍🏻👍🏻
@AccountingLectures
3 жыл бұрын
You are welcome. Check my website for more: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com
Is the video up to date and relevant since there has been updates and changes in IAS 19 last year. And is it relevant for ACCA SBR?
Good day Professor, how this study differs from those of intermediate accounting classes. I mean, can I use the method in intermediate accounting too; to handle employee benefit problems?
@AccountingLectures
5 жыл бұрын
Intermediate Accounting is US GAAP, This is IFRS.
Thank you
The best explanation
@AccountingLectures
3 жыл бұрын
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i don’t understand ( asset ceiling )and how do you show the asset ceiling in the example is $525 ?can you explain me in briefly( asset ceiling )?
Thank u!
@AccountingLectures
3 жыл бұрын
You are welcome.. Check my website for more: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com
Thank you.
@AccountingLectures
2 жыл бұрын
Welcome! Please connect with me: linktr.ee/farhatlectures
is corridor approach allowed in IFRS also?
@-elite9607
3 жыл бұрын
Cn be referred to as IFRS says it
Hi Prof, I think your kingdom needed you 19:52
@AccountingLectures
3 жыл бұрын
YOu are welcome. Check my website for more: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com
@muhammadrakibulhossain6239
3 жыл бұрын
Lol, I just noticed it right now
you have Got a subscription (y)
@AccountingLectures
4 жыл бұрын
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com
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