Financial Accounting
- Accounting
Recognition Criteria For Property Plant And Equipment
We cannot recognize everything as assets, there should be criteria as such. Para 7 of IAS 16 contains the following…
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Projected Unit Credit Method of Recognizing Long-term Employee Benefits
 Under the projected unit credit method the obligation for long-term employee benefits is measured by calculating the present value of…
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Measurement of provision for long service leave and its consistency with the Conceptual Framework for Financial Reporting.
 Accounting and Provision for long service leave requires estimation of when the leave will be taken, projected salary levels and…
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How an entity should account for its contribution to a defined contribution superannuation plan as per IAS 19?
Defined contribution superannuation plan Contributions payable to defined contribution funds are recognised as expenses in the period that the employee…
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How would negative returns affect the wealth of employees and employers?
How would negative returns affect the wealth of employees and employers? In a defined contribution fund the employees bear the…
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How a defined contribution superannuation plan differs from a defined benefit superannuation plan?
Difference between defined contribution superannuation plan & a defined benefit superannuation plan Under a defined contribution superannuation plan the employer…
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Difference Between Vesting And Non Vesting Sick Leave
Accumulating paid absences may be vesting or non-vesting. If accumulating paid absences are vesting, the employee is entitled, upon termination…
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Difference Between Accumulating And Non Accumulating Sick Leave
What is the difference between accumulating and non accumulating sick leave? Before differentiating Accumulating And Non Accumulating Sick Leave, let…
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Different accounting treatment for instruments classified as debt and equity instruments ?
Different accounting treatment for instruments classified as debt and equity instruments Instruments classified as debt (liabilities) are accounted for by…
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Difference Between Equity Settled And Cash Settled Share Based Payment
A share-based payment is a transaction whereby an entity receives goods or services either as consideration for its equity or…
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