Results of the valuation, reconciling from opening DBO, showing the various costs and movements and finally the year-end DBO. Everything shown.
Background to what International Financial Reporting Standards are, leading to more information on IAS 19 and actuarial valuation and reporting.
Basic IAS background and its historical relation to IFRS. Is IAS still valid? Who should implement it? Later IAS 19 specifically.
What is IAS 19? International Accounting Standard 19 for Employee Benefits, including post exit benefits. We consider the actuarial valuation and disclosure.
IAS 19 calculation for one individual, uising simplified assumptions and simplified Pojected Unit Credit actuarial method.
The PUC method is an actuarial valuation method. It values accrued benefits by considering their projected value at the date of payment.
Define DBO and more information on how DBO is calculated using PUC and assumptions. Corresponding assets and their consideration.
Definition and calculation of Current Service Cost under IAS 19, using the PUC and required assumptions. Basics of calculating CSC in practice.
Easy to understand explanation of the interest cost, as usually shown in IAS 19 actuarial valuation results. Impact of corresponding assets also given.