The course demonstrates accounting for employee benefits in accordance with International Accounting Standards 19. IAS 19 uses the principle that the cost of providing employee benefits should be recognized in the period in which the benefit is earned by the employee, rather than when it is paid or payable.

The standard identifies several categories of employee benefit including:

  • Short-term employee benefits, such as sick pay
  • Post-employment benefits such as pensions
  • Termination benefits, and
  • Other long-term employee benefits including long service leave.

Accounting for post-employment benefits is an important financial reporting issue. It has been suggested that many users of financial statements do not fully understand the information that entities provide about post-employment benefits. We learn in this course how to account for the two categorization of employee benefits namely: Defined-contribution and defined-benefit plans. We also learn the treatment actuarial gains and losses.

Course Key Concepts: Employee benefits, Defined-contribution plan, Defined-benefit plan, Actuarial gains and losses, Current service cost, Interest cost, Curtailments, Settlements, Plan asset, Obligation.

Learning Objectives
  • Identify the differences between DCP and DBP.
  • Explore the accounting for DCP and DBP in income statement and balance sheet.
  • Discuss the reasons behind the issue of the amendment to IAS 19.
Last updated/reviewed: August 27, 2023
3 Reviews (7 ratings)


Anonymous Author
The course is well structured and presented. I like the examples. However, it appears to me that the content regarding the corridor approach is not part of IAS 19 anymore.

Anonymous Author
Was a little confusing and hard to follow along and see how it all comes together

Member's Profile
Very well structured with clear examples. Very useful for reporting purpose

Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Questions and Answers1 Question
Member's Profile


how i can check my results to see where i did mistakes?

Instructor for this course
Course Syllabus
  IAS 19 - Introduction to Employee Benefits4:32
  IAS 19 Employee Benefits-Pensions13:24
  Accounting in Statement of Comprehensive Income6:10
  The Statement of Financial Position15:54
  Compensated Absences9:26
  Lecture Example 3 - DCP12:02
  Lecture Example 519:36
  Actuarial Gains and Losses11:50
  IAS 19 - Employee Benefits1:47:50
  Slides: IAS 19 - Employee BenefitsPDF
  IAS 19 - Employee Benefits Glossary/IndexPDF