When determining accounting entries to be made in relation to the defined benefit liability of an entity,AASB 119 Employee Benefits requires actuarial gains and losses to be recognised as part of the income or expense of the period.

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AASB 119 requires actuarial gains and losses to be recognized as part of the income or expense of the period when determining accounting entries for the defined benefit liability of an entity.

When Determining Accounting Entries to Be Made in Relation to the Defined