The key steps involved in accounting by the employer for a defined benefit post-employment fund in accordance with IAS 19 include:

Question

Quizplus · Accepted Answer

All of the options are correct. The employer must determine the deficit or surplus of the defined benefit post-employment fund and the amount of the net defined benefit liability or asset. They must also determine the amounts to be recognized in the profit or loss for current service cost, past service cost, and net interest expense or income on the net defined benefit liability or asset. All of these steps are required in accordance with IAS 19 to accurately account for defined benefit post-employment funds.

The Key Steps Involved in Accounting by the Employer for a Defined