International Accounting Standard 26, Accounting and Reporting by Retirement Benefit Plans, IFRS

International Accounting Standards (IAS)
International Financial Reporting Standards (IFRS)

U.S. GAAP

IFRS, IAS

Accounting Topics

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

	Wiley IFRS 2008: Interpretation and Application of International Accounting and Financial Reporting Standards 2008 by Barry J. Epstein and Eva K. Jermakowicz (Paperback - Mar 28, 2008) Paperback Edition Book & CD-Rom Edition
	Wiley GAAP 2008: Interpretation and Application of Generally Accepted Accounting Principles 2008 Paperback Edition Book & CD-Rom Edition
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