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When you create reserve for retirement?

Publication date: 2013-03-10 20:46:46

It is necessary to identify employee benefits (retirement bonus / severance pay, jubilee awards) in the amount of reliable liabilities concerning the current period resulting from future benefits (IAS 19, par. 63).

As at the balance sheet date it is necessary to reliably estimate the value of asses required to comply with the liabilities. The estimate should be made as a management judgment and may require consultation with independent experts.

Find out more:
http://24ivalue.com/pages/elearning/book/1/page/16/

Regards,
Slawomir Ekman
24iValue

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