Danubius International Conferences, 6th International Conference on European Integration - Realities and Perspectives

Current accounting issues of employees advantages

Krajnik Izabella, Olteanu Laura
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Date: 2011-05-13 12:30 PM – 02:00 PM
Last modified: 2011-05-10


The accounting for employee benefits is addressed by IAS 19, Employee Benefits. This paper explores the key differences between IFRS and U.S. GAAP in accounting for employee benefits and stock-based compensation. It looks not just at the existing rules, but also at changes contemplated by the International Accounting Standards Board (IASB). In 2011, we should learn whether this convergence will include a requirement that publicly held companies who adopt IFRS. Understanding those differences — focusing in particular on near-term changes to IFRS — can help companies develop a convergence strategy and manage balance sheet and income statement volatility.