Post Employment:
1. Defined Contribution Plan
a. Payment of contribution:
o Employment Benefit Exp xx
Cash xx
b. Contribution is due but not yet paid:
o Employment Benefit Exp xx
Accrued Benefit Payable xx
c. Advanced payment of contribution
o Prepaid Benefit Exp xx
Cash xx
2. Defined Benefit Plan (PAS 19 R)
- The contribution is variable and the benefits to be received by the employees are fixed.
Impact on Comprehensive Income:
Employee Benefit Expense (P/L) xx
Remeasurements (OCI) xx
Defined Benefit Cost xx
Service Cost
Current (xx)
Past (xx)
Gain/(Loss) on Settlement xx/(xx) (xx)
Net Interest
On Projected Benefit Obligation – Beg (Discount Rate) (xx)
On Fair Value of Plan Assets – Beg (Discount Rate) xx
On Effect of Asset Ceiling – Beg (xx) (xx)
Employee Benefit Expense (xx)
Remeasurements:
1. Remeasurement of Projected Benefit Obligation – Increase = Loss
– Decrease = Gain
2. Remeasurement of Fair Value of Plan Assets:
a. Actual Return FVPA > Int Inc FVPA = Gain
b. Actual Return FVPA < Int Inc FVPA = Loss
3. Remeasurement on Effect of Asset Ceiling
1. Defined Contribution Plan
a. Payment of contribution:
o Employment Benefit Exp xx
Cash xx
b. Contribution is due but not yet paid:
o Employment Benefit Exp xx
Accrued Benefit Payable xx
c. Advanced payment of contribution
o Prepaid Benefit Exp xx
Cash xx
2. Defined Benefit Plan (PAS 19 R)
- The contribution is variable and the benefits to be received by the employees are fixed.
Impact on Comprehensive Income:
Employee Benefit Expense (P/L) xx
Remeasurements (OCI) xx
Defined Benefit Cost xx
Service Cost
Current (xx)
Past (xx)
Gain/(Loss) on Settlement xx/(xx) (xx)
Net Interest
On Projected Benefit Obligation – Beg (Discount Rate) (xx)
On Fair Value of Plan Assets – Beg (Discount Rate) xx
On Effect of Asset Ceiling – Beg (xx) (xx)
Employee Benefit Expense (xx)
Remeasurements:
1. Remeasurement of Projected Benefit Obligation – Increase = Loss
– Decrease = Gain
2. Remeasurement of Fair Value of Plan Assets:
a. Actual Return FVPA > Int Inc FVPA = Gain
b. Actual Return FVPA < Int Inc FVPA = Loss
3. Remeasurement on Effect of Asset Ceiling
