ICAI Notes- Unit 1: Liabilities Based Accounting Standards | Advanced Accounting for CA Intermediate PDF Download

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LEARNING OUTCOMES 
a
    
 
CHAPTER 
6 
 
 
 
LIABILITIES BASED 
ACCOUNTING 
STANDARDS  
 
UNIT 1: ACCOUNTING STANDARD  15  
EMPLOYEE BENEFITS 
 
 
After studying this unit, you will be able to  
? Define ‘Employee benefits’, ‘Short-term employee benefits’, ‘Post-
employment benefits’ and other related terms used in the Standard 
? Enumerate various types of employee benefits 
? Recognise and measure Short-term Employee Benefits, Short-term 
Compensated Absences and Profit-sharing and Bonus Plans along 
with the accounting thereof 
? Classify the post-employment benefits into defined contribution plans 
and defined benefit plans 
? Examine the various aspects inherent in these post-employment benefit 
plans and recognize and measure the obligations under these plans 
? Apply the actuarial valuation methods and assumptions while valuing 
the obligations under Defined benefit plans 
? Calculate the actuarial gains and losses on such plans  
? Recognise gains or losses on the curtailment or settlement of a 
defined benefit plan 
? Recognise and measure other long-term benefit and termination benefits 
? Understand the disclosure requirement of these employee benefits 
and comply with the same.
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