July 2011 Archive

IASB changes to DB accounting

July 07, 2011

On June 16, 2011, the International Accounting Standards Board (IASB) released final amendments to IAS 19 Employee Benefits. The new rule dramatically revises accounting for defined benefit plans, moving plan sponsors away from the current approach, which involves considerable "smoothing" of period-to-period measurements. It does not, however, require marking to market DB performance in operating income. Instead it takes a "middle" approach of booking returns on the net plan asset (liability) to the income statement calculated using the plan's discount rate assumption and marking actual performance to other comprehensive income. Read More

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