The ANC is the required current contribution of the Company for the service to be rendered by the employees for this year.
The PSL is the liability of the company for the services rendered by their employees from date of hire to valuation date. […]
Below is an excerpt about International Accounting Standards (IAS) 19 taken from Deloitte. IAS 19 Employee Benefits (amended 2011) outlines the accounting […]
Here are some highlights on the comparison between the Amended PAS 19R and the ASC 715 (US GAAP) reporting of employee benefits: […]