IAS 19 - the changes and effects

In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again.

  1. Which of the following is not an amendment to IAS 19?

  2. Under the revised IAS 19, when should an entity recognise all changes including actuarial gains and losses, unvested past service costs, settlements and curtailments in a net defined benefit liability (asset)?

  3. What name does the revised standard give to actuarial gains and losses?

  4. How will actuarial gains and losses be treated?

  5. Can remeasurements recognised in OCI be recycled through profit or loss in subsequent periods?

  6. How is the net interest expense or income calculated under IAS 19 Revised?

  7. How does the revised standard present the benefit cost in the income statement or notes?

  8. On what criteria is the distinction between short-term and other long-term employee benefits now based?

  9. How are enhanced transfer value incentive exercises, whereby a cash inducement is offered to members to encourage them to transfer out of the pension scheme accounted for

  10. The new rules on recognition of gains and losses may mean that companies may change the way in which pension fund assets are invested. How is the investment pattern likely to change?