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Explain the principles and procedures for accounting for employee benefits under IAS 1 9 or ASC 7 1 5 . Discuss the recognition and measurement
Explain the principles and procedures for accounting for employee benefits under IAS or ASC Discuss the recognition and measurement of defined benefit plans, defined contribution plans, and other postemployment benefits.
Employee benefits accounting involves recognizing and measuring various types of compensation provided to employees. Describe the principles for accounting under IAS or ASC including the recognition of defined benefit plans eg pensions based on actuarial valuations and the recognition of defined contribution plans eg retirement savings based on contributions made. Explain the accounting treatment for other postemployment benefits, such as health care benefits, and how these obligations are measured and reported on financial statements.
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