ACCA P2考試：Employee Benefits

1 Short-Term Employee Benefits

1.1 Types

Wages, salaries and social security contributions.

Short-term compensated absences (e.g. paid annual leave and paid sick leave) where the absences are expected to occur within 12 months after the end of the period in which the employees render the related employee service.

Profit sharing and bonuses payable within 12 months after the end of the period in which the employees render the related service.

Non-monetary benefits (e.g. medical care, housing, cars and free or subsidised goods or services) for current employees.

1.2 Accounting for Short-Term Benefits

When an employee has rendered service to an entity during an accounting period, the entity recognises the amount of short term employee benefits expected to be paid in exchange for

that service:

as a liability (accrued expense), after deducting any amount already paid; and

as an expense (unless another IFRS requires or permits the inclusion of the benefits in the cost of an asset).

2 Long-Term Employee Benefits

2.1 Types

Other types of long-term employee benefits are those which are not expected to be settled in full before 12 months after the end of the reporting period in which the service was given by the employee. The types of benefit will include:

long-term paid absences (e.g. long-service and sabbatical leave);

jubilee awards;

long-term disability benefits;

profit sharing and bonuses; and

deferred remuneration.

2.2 Accounting for Long-Term Benefits

There is not as much uncertainty about the measurement of other long-term employee benefits as there is with post-employment benefits and so the standard requires a much simpler accounting model for these other long-term benefits. As an example, there is no need to recognise any remeasurement in other comprehensive income (unlike postretirement benefits).

The principle to be applied in accounting for long-term benefits is similar to the accounting model for post-retirement benefits in that there may still be deficits or surpluses arising.