Sunday, June 30, 2013

Updating your accounting for employee benefits

IN JUNE 2011, the International Accounting Standards Board (IASB) issued amendments to IAS 19 Employee Benefits. These amendments were subsequently adopted by the Philippine Securities and Exchange Commission as amendments to PAS 19, Employee Benefits. Companies are required to apply the revised standard for annual periods beginning on or after Jan. 1, 2013, with retrospective application.

View the original article: http://www.bworldonline.com/content.php?section=Economy&title=Updating-your-accounting-for-employee-benefits&id=72616



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