Employee benefits under IAS 19

Who are the intended participants?

• Accountants and controlling/finance staff who account for employee benefit liabilities.
• HR department staff who design and administer employee benefits and want to know what liabilities may arise from employee benefits and how to measure such liabilities.

Programme

• Classification of employee benefits. Short-term vs long-term employee benefits.
• Requirements of Czech Accounting Standards vs IFRS.
• Measuring employee benefit liabilities using the Projected Unit Credit Method.
• Assumptions used in measuring the provision for employee benefit liabilities.
• Practical examples of calculating the provision.
• Requirements for notes to financial statements.
• Reconciliation of the movement in the provision for employee benefit liabilities.

Benefits

You will:

• Understand for which types of employee benefits companies must recognise the respective liabilities and how to measure such liabilities.
• Become acquainted with the general principles and logic of the Projected Unit Credit Method, which is used to measure such liabilities.
• Learn how to reconcile the provision for employee benefit liabilities and what disclosures to include in the notes to the financial statements.