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An employer should accrue an expense and the related liability for employees' compensation for future absences (such as vacation) if the obligation meets the following
An employer should accrue an expense and the related liability for employees' compensation for future absences (such as vacation) if the obligation meets the following condition(s):
E. All of the Above
D. The amount can be reasonably estimated.
B. The paid absence can be taken in a later year - the benefit vests (will be compensated even if the employment is terminated) or the benefit can be accumulated over time.
C. Payment is probable.
A. The obligation is attributable to employees' services already performed.
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