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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: May 21, 2022

Included In Certifications

This course is included in the following Certification Programs:

17 CoursesIFRS Certificate Program

  1. General Considerations for Preparing Financial Statements in Accordance with IFRS
  2. IFRS vs. U.S. GAAP - Major Differences in Accounting
  3. 2022 IFRS Update
  4. IFRS for Small and Medium-Sized Entities Compared to Full IFRS
  5. Accounting for Revenue from Contracts with Customers per IFRS 15
  6. Accounting for Leases under IFRS 16
  7. IFRS - Accounting for Share-Based Payment Awards per IFRS 2
  8. Accounting for Financial Instruments under IFRS 9
  9. Accounting for Nonfinancial Assets under IFRS
  10. Accounting for Business Combinations under IFRS 3
  11. IFRS - Accounting for Employee Benefits per IAS 19 and IFRIC 14
  12. Accounting for Investments in Other Entities, Including Consolidation, under IFRS
  13. IFRS - Accounting for Income Taxes per IAS 12
  14. IFRS - Derivatives and Hedge Accounting under IFRS 9
  15. IFRS - Special Accounting Topics
  16. IFRS - Special Financial Reporting Issues
  17. IFRS - General Financial Statement Disclosures

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 .
Course Syllabus
INTRODUCTION AND OVERVIEW
  1:54Introduction to IFRS – Accounting for Employee Benefits per IAS 19 and IFRIC 14
  2:55Short-Term Employee Benefits
  2:54Post-Employment Benefits & Defined Contribution Plan
  6:20Defined Benefit Plan
  3:48Actuarial Valuation Method
  7:12Plan Assets & Insurance Policies
  4:14Defined Benefit Cost
  6:04Amendments, Curtailments, Settlements & Multi-Employer Plans
  2:59Termination Benefits
  9:34Examples and Conclusion
CONTINUOUS PLAY
  47:54IFRS - Accounting for Employee Benefits per IAS 19 and IFRIC 14
SUPPORTING MATERIALS
  PDFSlides: IFRS - Accounting for Employee Benefits per IAS 19 and IFRIC 14
  PDFIFRS - Accounting for Employee Benefits per IAS 19 and IFRIC 14 Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM