International Accounting Standards (IAS) 19 Explained

Below is an excerpt about International Accounting Standards (IAS) 19 taken from Deloitte.

IAS 19 Employee Benefits (amended 2011) outlines the accounting requirements for employee benefits, including short-term benefits (e.g. wages and salaries, annual leave), post-employment benefits such as retirement benefits, other long-term benefits (e.g. long service leave) and termination benefits. The standard establishes the principle that the cost of providing employee benefits should be recognised in the period in which the benefit is earned by the employee, rather than when it is paid or payable, and outlines how each category of employee benefits are measured, providing detailed guidance in particular about post-employment benefits.


Raymund Zalamea

Raymund has over 20 years of experience in retirement consulting, entrepreneurship and marketing. He manages both the actuarial and the benefits administration services for Zalamea.

Raymund has also been successful in launching an online employee portal that provides seamless processing of payroll, timekeeping, retirement savings and loans.

6 thoughts on “International Accounting Standards (IAS) 19 Explained

  1. Dear Sir. Raymund:

    May we request a quotation for PAS 19 Valuation, we are under Fiscal year beginning April 1, 2018 to March 31, 2019.

    Thank you

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