CONTENTS

COMPILATION DETAILS

COMPARISON WITH IAS 19

INTRODUCTION TO IAS 19
(available on the AASB website)

ACCOUNTING STANDARD

AASB 119 EMPLOYEE BENEFITS

Paragraphs

Objective 1

Application Aus1.1 – Aus1.5

Reduced disclosure requirements Aus1.6 – Aus1.8

Scope 2 – 7

Definitions 8

Short-term employee benefits 9 – 10

Recognition and measurement

All short-term employee benefits 11 – 12

Short-term paid absences 13 – 18

Profit-sharing and bonus plans 19 – 24

Disclosure 25

Post-employment benefits: distinction between defined contribution plans and defined benefit plans 26 – 31

Multi-employer plans 32 – 39

Defined benefit plans that share risks between entities under common control 40 – 42

State plans 43 – 45

Insured benefits 46 – 49

Post-employment benefits: defined contribution plans 50

Recognition and measurement 51 – 52

Disclosure 53 – 54

Post-employment benefits: defined benefit plans 55

Recognition and measurement 56 – 60

Accounting for the constructive obligation 61 – 62

Statement of financial position 63 – 65

Recognition and measurement: present value of defined benefit obligations and current service cost 66

Actuarial valuation method 67 – 69

Attributing benefit to periods of service 70 – 74

Actuarial assumptions 75 – 80

Actuarial assumptions: mortality 81 – 82

Actuarial assumptions: discount rate 83 – 86

Actuarial assumptions: salaries, benefits and medical costs 87 – 98

Past service cost and gains and losses on settlement 99 – 101

Past service cost 102 – 108

Gains and losses on settlement 109 – 112

Recognition and measurement: plan assets

Fair value of plan assets 113 – 115

Reimbursements 116 – 119

Components of defined benefit cost 120 – 122

Net interest on the net defined benefit liability (asset) 123 – 126

Remeasurements of the net defined benefit liability (asset) 127 – 130

Presentation

Offset 131 – 132

Current/non-current distinction 133

Components of defined benefit cost 134

Disclosure 135 – 138