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AASB 119 - Employee Benefits - September 2011
Post-employment benefits: defined benefiPost-employment benefits: defined benefit plans
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Post-employment benefits: defined benefit plans
55 Accounting for defined benefit plans is complex because actuarial assumptions are required to measure the obligation and the expense and there is a possibility of actuarial gains and losses. Moreover, the obligations are measured on a discounted basis because they may be settled many years after the employees render the related service.