International Accounting Standard (IAS) 19 and International Financial Reporting In­ter­pre­ta­tions Committee (IFRIC) 14 provide guidance for accounting and reporting for employee benefits provided under formal plans and agreements, but also informal practices that give rise to constructive obligations.  

This course addresses the most important considerations in accounting for short-term employee benefits (like paid absences), defined contribution plans, defined benefit plans, and other employee benefits.

Learning Objectives
  • Explore accounting for short-term obligations and post-employment benefits.
  • Recognize differences in accounting for defined contribution plans and defined benefit plans.
  • Explore the proper treatment of elements for defined benefit cost 
  • Discover how to handle special issues such as multi-employer plans, plan amendments, termination benefits, and more.
Last updated/reviewed: March 7, 2024

Included In Certifications

This course is included in the following Certification Programs:

  1. General Considerations for Preparing Financial Statements in Accordance with IFRS
  2. IFRS vs. U.S. GAAP - Major Differences in Accounting
  3. IFRS for Small and Medium-Sized Entities Compared to Full IFRS
  4. Accounting for Revenue from Contracts with Customers per IFRS 15
  5. Accounting for Leases under IFRS 16
  6. IFRS - Accounting for Share-Based Payment Awards per IFRS 2
  7. Accounting for Financial Instruments under IFRS 9
  8. Accounting for Nonfinancial Assets under IFRS
  9. Accounting for Business Combinations under IFRS 3
  10. IFRS - Accounting for Employee Benefits per IAS 19 and IFRIC 14
  11. Accounting for Investments in Other Entities, Including Consolidation, under IFRS
  12. IFRS - Accounting for Income Taxes per IAS 12
  13. IFRS - Derivatives and Hedge Accounting under IFRS 9
  14. IFRS - Special Accounting Topics
  15. IFRS - Special Financial Reporting Issues
  16. IFRS - General Financial Statement Disclosures
2 Reviews (20 ratings)

Reviews

3
Anonymous Author
Instructor basically read the slides to us. Not sure that added alot of value. Examples could have been better. ONe example I could not how she arrived at some of the numbers. This is a complcated subject matter. Better examples would have helped me understand this course much better, perhaps even using some pictorials.
3
Anonymous Author
This was a hard course to get into with all the various rules for the accounting.
Prerequisites
Course Complexity: Intermediate

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 courses@illumeo.com.
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to IFRS – Accounting for Employee Benefits per IAS 19 and IFRIC 141:54
  Short-Term Employee Benefits2:55
  Post-Employment Benefits & Defined Contribution Plan2:54
  Defined Benefit Plan6:20
  Actuarial Valuation Method3:48
  Plan Assets & Insurance Policies7:12
  Defined Benefit Cost4:14
  Amendments, Curtailments, Settlements & Multi-Employer Plans6:04
  Termination Benefits2:59
  Examples and Conclusion9:34
CONTINUOUS PLAY
  IFRS - Accounting for Employee Benefits per IAS 19 and IFRIC 14 47:54
SUPPORTING MATERIALS
  Slides: IFRS - Accounting for Employee Benefits per IAS 19 and IFRIC 14PDF
  IFRS - Accounting for Employee Benefits per IAS 19 and IFRIC 14 Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONS quiz
 FINAL EXAMexam