Written by: Barbora Choi on Tue Oct 28
IAS 19 Employee Benefits
IAS 19 is about expenditures for employees' services, liability towards employees until company's obligation is settled and assets if employers choose to fund their defined-benefit plans.
"You can work long, hard, or smart, but at our company you can’t choose two out of three.”
As an emplyoee you sell your skills and time to your employer. For employers, workforce related costs are one of the largest positions in their profit and loss (they tend to control them closely & are often the first ones to be hit by saving measures).
Take just 15 seconds to get an overview of IAS 19 Employee Benefits.
Can you remember what you bought for your first salary?
headline quote by Jeff Bezos, from the Letter to Shareholders in the Annual Report 1997.
