Accounting for employee benefits – Applying IAS 19
  • Company accounts under French GAAP - Know how to prepare company accounts in French GAAP.
  • Financial markets securities and cost of funds - Concepts of interest, yield rate, liquidity, inflation, capitalization, discounting, compound interest calculation, actuarial calculations
  • Financial statements and notes - Know the balance sheet, the income statement, the cash flow statement, the statement of changes in shareholders' equity, the OIC, the notes.
  • IFRS standards - International Financial Reporting Standards

Target audience

- Accounting managers
- Chartered Accountants, Statutory Auditors
- Consolidation and Accounting Directors
- Consolidation managers
- Financial managers
- HR and actuaries
- Management controllers

1 day

Prerequisites

This training does not require any particular prerequisite.

Objectives

– Master the accounting treatment of employee benefits in IFRS
– Know measurement principles and disclosure requirements
– Understand the respective issues facing Accounting and Consolidation Managers on one side and facing Actuaries on the other, to improve collaboration on the matter

Detailed content

> Accounting for employee benefits: applicable standards

> Classification of employee benefit plans

– Short term/long term and post-employment benefits
– Defined contribution versus defined benefit plans

> The main implementation difficulties: accounting for post-employment defined benefit plans

– Calculating the obligation (service cost, interest cost, …)
– Funded/unfunded regimes
– Actuarial gains or losses
– Accounting for employee turnover (« normal » departures and redundancy plans)

> Implementing IAS 19

– Elimination of the « corridor method » in IFRS (still used in French GAAP)
– Net interest: impact on P/L and OCI
– Accounting for past services cost, curtailments and settlements

> Specific cases

– Asset ceiling under IFRIC 14
– Employee benefits of subsidiaries (accounting for purchases and disposals of subsidiaries)
– Accounting for actuarial gains and losses in other long-term benefits

> Comparison with US GAAP

> French Recommendation (ANC 2013-02) and residual differences between French GAAP and IFRS

Why should you attend?

Employee compensation and benefits are one of the main issues at stake for companies. IFRS prescribe a precise treatment that sometimes implies complex processes. Accounting for employee benefits requires a double technical skill: actuarial calculation and complex accounting process. This training clarifies both.

Training methods and assessment

Technical and practical presentation, numerous cases studies, illustrations taken from recently published financial statements.
Assessment questionnaire.
A training certificate is delivered at the end of the session.

The trainer is available by e-mail to answer any follow-up questions participants may have.

Price

1 020 € Excl. VAT – 1 224 € Incl. VAT

Médias

Témoignages

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Jonathan C.
Entreprise
Formation