https://www.taxtmi.com/notifications?id=24081 Amendments to AS 15 require consideration of any unrecognised transitional liability when accounting for subsequent actuarial gains, clarify that curtailment or settlement gains or losses include a proportionate share of previously unrecognised past service cost and transitional amounts determined by present value of obligations before and after the event, and provide that where the transitional liability exceeds the pre-revised liability an enterprise must irrevocably choose immediate adjustment to opening reserves or phased expense recognition with specified disclosure, recognition limits on actuarial gains, and inclusion of unrecognised transitional parts in subsequent settlement or curtailment calculations. en-us Thu, 27 Mar 2008 00:00:00 +0530 Wed, 29 Jun 2011 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=24081 Amendments to AS 15 require consideration of any unrecognised transitional liability when accounting for subsequent actuarial gains, clarify that curtailment or settlement gains or losses include a proportionate share of previously unrecognised past service cost and transitional amounts determined by present value of obligations before and after the event, and provide that where the transitional liability exceeds the pre-revised liability an enterprise must irrevocably choose immediate adjustment to opening reserves or phased expense recognition with specified disclosure, recognition limits on actuarial gains, and inclusion of unrecognised transitional parts in subsequent settlement or curtailment calculations. Notifications Companies Law Thu, 27 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/notifications?id=24081