Munich Personal RePEc Archive

IAS 26 Accounting and Reporting by Retirement Benefit Plans - A Closer Look

Muthupandian, K S (2010): IAS 26 Accounting and Reporting by Retirement Benefit Plans - A Closer Look. Published in: The Management Accountant , Vol. 45, No. 2 (February 2010): pp. 101-105.

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Abstract

The International Accounting Standards Committee issued the the International Accounting Standard 26 Accounting and Reporting by Retirement Benefit Plans. The objective of IAS 26 is to specify measurement and disclosure principles for the reports of retirement benefit plans. All plans should include in their reports a statement of changes in net assets available for benefits, a summary of significant accounting policies and a description of the plan and the effect of any changes in the plan during the period. This article presents a closer look of the standard (objective, scope, definitions prescribed accounting treatment and disclosures).

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