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International Accounting Standard (IAS) 26
Accounting and Reporting by Retirement Benefit Plans

International Financial Reporting Standards (IFRS)
International Accounting Standards (IAS)
U.S. GAAP by Topic
 
International Accounting Standard (IAS) 26
  
IAS 26
Accounting and Reporting by Retirement Benefit Plans
Issued in January 1987
Reformatted in 1994
  
Defined contribution plans
   --> financial statements include the following:
         (1) statement of net assets available for benefits
         (2) description of funding policy
  
Defined benefit plans
   --> financial statements can be presented using one of the following formats:
         (1) format 1
         (2) format 2
  
Format 1
   --> a statement of net assets available for benefits
   --> presented with (1a) or (1b)

         (1a) a note disclosing
                 --> actuarial present value of promised retirement benefits
                       (distinguish vest benefits and non-vested benefits)
         (1b) a reference to
                 --> actuarial present value of promised retirement benefits
                       (distinguish vest benefits and non-vested benefits)
                 --> in an actuarial reported accompanied
  
Format 2
   --> a statement with the following information:

         (2a) net assets available for benefits
         (2b) actuarial present value of promised retirement benefits
                (distinguish vest benefits and non-vested benefits)
         (2c) resulting excess or deficit
  
Retirement benefit plan investments
   --> carried at fair value
  
  




U.S. GAAP by Topic
 
 Accounting Topics
  Inventory Valuation Methods
  Depreciation Methods
  Revenue Recognition Principle
  Accrual Basis vs. Cash Basis Accounting
  Basics of Journal Entries
  Ratios for Financial Statement Analysis
  Overview of Financial Statements
 
 
 


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