What is the discount rate specified in AASB

Assignment Help Financial Accounting
Reference no: EM132602292

AASB 119 was reissued in September 2011. Inter alia, the revisions include a modified definition of short-term employee benefits - those benefits that are expected to be settled wholly within 12 months after the end of the annual reporting period in which the employees render the related service. In contrast, the superseded version of AASB 119 defined short-term employee benefits as those that are due to be settled within 12 months after the end of the period in which the employees render the related service.

The following observation was made regarding these changes: 'The revisions to AASB 119 are expected to have the most impact on employers in relation to the measurement of annual leave liabilities in respect of employees ...' ('Amendments to AASB 119 - Employee Benefits: The Implications for Employers', Deloitte, 2012, p. 2).

Question 1: What is the discount rate specified in AASB 119 for employee benefits that are expected to be settled wholly before 12 months after the end of the reporting period in which the relevant services are rendered?

Reference no: EM132602292

Questions Cloud

What flexible budget total for the costs is : Budgeted for $34000 at normal capacity of 170000 direct labor hours. If 190000 direct labor hours are worked, flexible budget total for these costs is
Write a table comparing the annual depreciation charges : Write a table comparing the annual depreciation charges and the net book values for the first FIVE (5) years using the straight-line method
Describe the primary functions of management : Describe the primary functions of management and the associated skills, tools, and theoretical approaches that can be used to accomplish these functions
AYN507 Governance and Accountability Assignment : AYN507 Governance and Accountability Assignment Help and Solution, Queensland University of Technology - Assessment Writing Service
What is the discount rate specified in AASB : What is the discount rate specified in AASB 119 for employee benefits that are expected to be settled wholly before 12 months after the end
What is the breakeven sales price in year one : Build a 10-year cash flow model using the above facts, and calculate the IRR & NPV assuming the equipment is sold at its as-is value in year 10
What is the percentage of completion : The president of the company has contracted you to help reconstruct the contract information. What is the percentage of completion in 2009 of this constructive
Find What the ROI was : Concord Corporation had average operating assets of $4600000 and sales of $2300000 in 2016. If the controllable margin was $920000, the ROI was
What are the total budgeted manufacturing cost for the month : If Marigold Manufacturing makes 19900 pairs of shoes this month, what are the total budgeted manufacturing cost for the month?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd