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FINANCIAL ACCOUNTING 300 DEPARTMENT

IAS 19 – EMPLOYEE BENEFITS
OF
PRESCRIBED WORK
ACCOUNTING
A Carrim UP
1. IAS 19 in “A Guide through IFRS (July 2016)”
1.1 Read and study IAS 19 as follows:

- Lecture 1 Para 1 - 7, 8 (definitions dealt with in lectures); 9 – 18

- Lecture 2 Para 8 (definitions dealt with in lectures); par 19 - 30; 50 –
55; 159 - 171

1.2 Ignore the following paragraphs for FRK300 level:

- Para 08: Ignore the following definitions:
 “multi-employer plans”;
 “Definitions relating to the net defined benefit liability (asset)”
 “Definitions relating to the defined benefit cost”
- Paras 31 - 49
- Para 56 - 158
- Paras 172 – 178
- Appendix A: ignore whole appendix

References to IAS 24

Ignore the references to IAS 24 in this prescribed work until this topic is dealt
with later in the year.

2. IAS 19 Handouts

2.1 Notes and class examples

Work through the notes and class examples with care as follows:
 Lecture 1 Pages 1 - 16 (including class examples 1 – 6)
 Lecture 2 Pages 16 - 26 (including class examples 7 - 9)

2.2 Homework questions

Work carefully through the questions as follows:

 Lecture 1 Question 1
 Lecture 2 Questions 2, 3 and 4
You must do ALL of these questions in DETAIL. Do not do a sample from
these questions – ALL of them are prescribed.
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2.3 Homework question without a solution

There is no question without solution for this topic.

NB: Refer the specific outcome on page 3 and ensure that you have achieved
this specific outcome.
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SPECIFIC OUTCOME – IAS 19

IAS 19: Employee Benefits

You should be able to account for and prepare disclosure for all the aspects set out
below, relating to employee benefits, on an integrated basis.

The following issues are not covered in FRK300:

- Multi employer plans;
- Defined benefit plans that share risks between entities under common control;
- State plans;
- Insured plans;
- Recognition, measurement and disclosure of defined benefit plans;
- Other long term employee benefits; and
- Disclosure OTHER THAN specifically required to be known on FRK300 per the
study material provided.

1.1 Assessment criteria

In order to reach the specific outcome, you should:

1. know and be able to interpret in practical situations the technical terms relating to
employee benefits;

2. apply the accounting principles applicable to the recognition and measurement of

all employee benefit costs (except for defined benefit plans and other long term
employee benefits) to practical examples, and be able to properly account for
them;

3. be able to apply in practical situations, by presenting them in financial statements,

the disclosure requirements with respect to information on employee benefits
(except for defined benefit plans and other long term employee benefits) as
prescribed by IAS 19.

1.2 Sources

1. IAS 19: Employee Benefits

2. IAS 19 Notes and class examples (available on ClickUP)

3. IAS 19 Questions and suggested solutions (available on ClickUP)