Termination benefits
Fully updated guide focusing on each area of the financial statement in detail with illustrative examples. This chapter on accounting for employee benefits includes a section on termination benefits
Resources on accounting for redundancy
An outline of some of the resources available to ICAEW members on the accounting aspects of redundancy through Bloomsbury and from the ICAEW Library & Information Service.
ICAEW is providing a collection of resources with help, advice and resources to assist those affected by redundancy. Find out more at the redundancy support for employers and individuals hub.
UK GAAP
Section 28 of the accounting standard FRS 102 covers employee benefits, including the termination of employment. On our dedicated page for FRS 102: Employee benefits under UK GAAP you can access a range of articles, books and online resources providing useful links to the standard, summaries, guidance and news of recent developments.
Bloomsbury
Eligible firms and Business members have free access to Bloomsbury Professional’s comprehensive online library, comprising more than 60 titles from some of the country’s leading tax and accounting subject matter experts. This includes material on the accounting treatment of the termination of employment.
Registered users can go directly to Bloomsbury Professional Online and use the special ICAEW link to login.
If you are not registered, individuals in eligible firms can register for access online.
Once you are logged in, you can access the reference text(s) referred to below.
- Financial reporting for unlisted companies in the UK and Republic of Ireland by Steve Collings Section 29.23. Termination benefits
- Small company financial reporting by Steve Collings. Section 30.23 Termination benefits
- Accounts and audits of Limited Liability Partnerships by Steve Collings. Section 14.121 Termination benefits (micro entities)
- Accounting principles for tax purposes by James Lole. Section 20.2 Termination benefits
eBooks
The Library provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.
Disclosures about termination benefits
Fully updated guide focusing on each area of the financial statement in detail with illustrative examples. This chapter on accounting for employee benefits includes a section on disclosures about termination benefits
Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.
Accounting Manuals
Information on the accounting treatment of the termination of employment is available from leading accounting manuals. To request any of the extracts shown below, please contact the Library & Information Service at library@icaew.com
- PWC Manual of Accounting - UK GAAP Section 28 -Employment benefits 28.118 - 28.128 Termination benefits
This includes sections on recognition, measurement and disclosures. - Applying GAAP 2019/20 14.7.14 Termination benefits
- Deloitte UK GAAP Commentary 2019 Vol B UK reporting FRS102 B28 termination benefits
This includes sections on recognition and measurement.
IFRS
IAS 19 covers employee benefits, including the termination of employment. On our website you can access a synopsis of IAS 19 and a dedicated page of library resources on IAS 19 with a range of articles, books and useful links.
eBooks
The Library provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.
Termination benefits
A detailed guide to interpreting and implementing International Financial Reporting Standards (IFRS).
Termination benefits
A revised and comprehensive resource that includes the information needed to interpret and apply the most recent International Financial Reporting Standards (IFRS) as outlined by the International Accounting Standards Board (IASB). This section looks at termination benefits.
Financial accounting and reporting (19th edition)
This book provides a comprehensive overview of financial accounting and reporting, with the aim of ensuring you are able to prepare and also critically discuss IFRS compliant financial statements.
Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.
Accounting Manuals
Information on the accounting treatment of the termination of employment is available from leading accounting manuals. To request any of the extracts shown below, please contact the Library & Information Service at library@icaew.com
- PWC IFRS Manual of accounting Chapter 12 employee benefits, section on termination payments.
Includes recognition, measurement and illustrative text. -
Deloitte GAAP Volume C, UK reporting IFRS 2019 Chapter 4.1 employment benefits, section 10 termination payments.
Includes definition, recognition, measurement and disclosures.
US GAAP
eBooks
The Library provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.
Termination benefits
Practical guide to US GAAP, Wiley GAAP 2020 contains complete coverage of the Financial Accounting Standards Board's (FASB) Accounting Standards Codification (ASC), the source of authoritative generally accepted accounting principles (GAAP). This section looks at terminantion benefits and gives an example
Terms of use: You are permitted to access articles subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.
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