Accounting alerts: #4 2015

Insights

Accounting alerts: #4 2015

Change to discount rate applied to AASB 119 Employee Benefits

Research commissioned by the Group of 100 concludes that a deep market for high quality corporate bonds now exists in Australia. Where such a market exists, AASB 119 requires that the rate used to discount employee benefit liabilities shall reflect those market yields.

Change to discount rate applied to AASB 119 Employee Benefits

Financial reporting is undergoing rapid change, particularly with the IASB finalising a number of projects effective over the next few years. The need to be kept informed of the latest developments has never been more important.

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