https://www.taxtmi.com/acts?id=19810 Ind AS 19 requires recognition of a liability when employees render service that creates future benefit obligations and recognition of an expense when the entity consumes that service. Benefits are classified as short term, post employment, other long term or termination. Defined contribution plans are accounted as fixed contributions payable; defined benefit plans are measured by the projected unit credit method, discounted at market yields consistent with currency and term, netted with fair value of plan assets and limited by an asset ceiling. Components-service cost, past service cost, net interest-are recognised in profit or loss; remeasurements are recognised in other comprehensive income. Extensive disclosures and actuarial assumption guidance are required. en-us Thu, 04 Jun 2015 14:56:51 +0530 Thu, 22 Aug 2024 14:10:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19810 Ind AS 19 requires recognition of a liability when employees render service that creates future benefit obligations and recognition of an expense when the entity consumes that service. Benefits are classified as short term, post employment, other long term or termination. Defined contribution plans are accounted as fixed contributions payable; defined benefit plans are measured by the projected unit credit method, discounted at market yields consistent with currency and term, netted with fair value of plan assets and limited by an asset ceiling. Components-service cost, past service cost, net interest-are recognised in profit or loss; remeasurements are recognised in other comprehensive income. Extensive disclosures and actuarial assumption guidance are required. Act-Rules Companies Law Thu, 04 Jun 2015 14:56:51 +0530 https://www.taxtmi.com/acts?id=19810