AASB 119 adopts which method to determining long service leave obligations?

Question

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AASB 119 requires entities to use the projected unit credit method to determine their long service leave obligations. This method measures the present value of the expected future payments required for the entitlement arising from employee service to date, taking into account the employees' expected future service, expected future salary levels and expected probability of employee departure before the benefit is vested. This is consistent with the approach adopted by International Accounting Standards (IAS) 19.

AASB 119 Adopts Which Method to Determining Long Service Leave