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IAS 19 Employee Benefits

IAS 19 Employee Benefits prescribes the accounting and disclosure by employers for all employee benefits, including wages and salaries, bonuses, paid annual leave, pensions and termination benefits.

Published February 1998. Effective 1 January 1999. Amended 2011. Effective 1 January 2013.

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IAS 19 prescribes the accounting treatment of short-term employee benefits, post employment benefits, other long-term employee benefits and termination benefits.

  • Short term benefits owing to an employee at the period end should be accrued.
  • Defined contribution pension scheme contributions should be recognised in profit or loss.
  • The present value of defined benefit pension scheme obligations less the fair value of scheme assets should be shown in the statement of financial position. The movement in the value of the scheme is split into its constituent parts and each accounted for separately. Remeasurements including actuarial gains and losses are recognised as other comprehensive income.
  • Other long-term benefits are dealt with in a similar, albeit simpler, way to pension schemes.
  • Termination benefits are accrued where an entity is demonstrably committed to both the termination and the provision of termination benefits.

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'Which version of the standard?' is only available to members of the Financial Reporting Faculty. Please note that to access electronic versions of IFRS through the links in these standard trackers you need to have first logged into eIFRS.

Annual period starts
Effective version of standard
Notes on amendments 
On or after 1 January 2023 IAS 19 2021 Issued Standards
Includes amendments 1* and 2
1 January 2019 – 31 December 2020
IAS 19 2020 Required Standards
Includes amendment 2
1 January 2018 – 31 December 2018
IAS 19 2018 Required Standards
Does not include amendments

* Not UK endorsed as at 23 June 2021. Read more on UK endorsement of IFRS standards. Not EU endorsed as at 23 June 2021. Read more on EU endorsement of IFRS standards.

The Required Standards book for a particular year assumes that there is no early application of issued but not yet effective IFRSs; The Issued Standards book assumes early application of all issued IFRSs. For the latest version of the standard, and where the amendments are to be adopted early, refer to IAS 19 2021 Issued Standards.

Recent amendments

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* Not UK endorsed as at 23 June 2021. Read more on UK endorsement of IFRS standards. Not EU endorsed as at 23 June 2021. Read more on EU endorsement of IFRS standards.

The following interpretation refers to IAS 19

Current proposals

1. ED/2021/3 Disclosure Requirements in IFRS Standards - A Pilot Approach was issued in March 2021. It includes draft guidance to be used by the Board when developing new disclosure requirements. IAS 19 is one of two Standards being used to test the guidance and as such the ED also includes proposed amendments to IAS 19. The proposals include:

  • An overall disclosure objective that requires an entity to disclose information allowing users to assess the effect of each type of employee benefit on financial position, financial performance and cash flows;
  • Information to allow users to evaluate the risks and uncertainties associated with defined benefit plans;
  • Specific information about defined benefit plan, including components of amounts in the primary financial statements relating to this type of plan and significant actuarial assumptions.

2. The Board has added a narrow scope research project to its agenda on pension benefits that depend on returns from a specified pool of assets. The aim of the project is to assess whether it would be feasible to eliminate inconsistency in the measurement of a defined benefit liability in these circumstances.

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This page was last updated 23 June 2021