ias26 - IAS 26 International Accounting Standard 26...

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IAS 26 © IASCF A595 International Accounting Standard 26 Accounting and Reporting by Retirement Benefit Plans IAS 26 Accounting and Reporting by Retirement Benefit Plans was issued by the International Accounting Standards Committee in January 1987, and reformatted in 1994. In April 2001 the International Accounting Standards Board resolved that all Standards and Interpretations issued under previous Constitutions continued to be applicable unless and until they were amended or withdrawn.
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IAS 26 A596 © IASCF C ONTENTS paragraphs INTERNATIONAL ACCOUNTING STANDARD 26 ACCOUNTING AND REPORTING BY RETIREMENT BENEFIT PLANS SCOPE 1–7 DEFINITIONS 8–12 DEFINED CONTRIBUTION PLANS 13–16 DEFINED BENEFIT PLANS 17–31 Actuarial present value of promised retirement benefits 23–26 Frequency of actuarial valuations 27 Financial statement content 28–31 ALL PLANS 32–36 Valuation of plan assets 32–33 Disclosure 34–36 EFFECTIVE DATE 37
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IAS 26 © IASCF A597 International Accounting Standard 26 Accounting and Reporting by Retirement Benefit Plans (IAS 26) is set out in paragraphs 1–37. All the paragraphs have equal authority but retain the IASC format of the Standard when it was adopted by the IASB. IAS 26 should be read in the context of the Preface to International Financial Reporting Standards and the Framework for the Preparation and Presentation of Financial Statements . IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies in the absence of explicit guidance.
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IAS 26 A598 © IASCF International Accounting Standard 26 Accounting and Reporting by Retirement Benefit Plans Scope 1 This Standard shall be applied in the financial statements of retirement benefit plans where such financial statements are prepared. 2 Retirement benefit plans are sometimes referred to by various other names, such as ‘pension schemes’, ‘superannuation schemes’ or ‘retirement benefit schemes’. This Standard regards a retirement benefit plan as a reporting entity separate from the employers of the participants in the plan. All other Standards apply to the financial statements of retirement benefit plans to the extent that they are not superseded by this Standard. 3 This Standard deals with accounting and reporting by the plan to all participants as a group. It does not deal with reports to individual participants about their retirement benefit rights. 4I A S 1 9 Employee Benefits is concerned with the determination of the cost of retirement benefits in the financial statements of employers having plans. Hence this Standard complements IAS 19. 5 Retirement benefit plans may be defined contribution plans or defined benefit plans. Many require the creation of separate funds, which may or may not have separate legal identity and may or may not have trustees, to which contributions are made and from which retirement benefits are paid. This Standard applies regardless of whether such a fund is created and regardless of whether there are trustees.
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ias26 - IAS 26 International Accounting Standard 26...

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