L2 Q53 Morning Exam

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L2 Q53 Morning Exam

Postby mail2arungoel » Mon May 28, 2012 9:06 pm

The reasoning to Q53 is NOT CLEAR TO ME (ans is correct).

I am quoting fron the Curriculum for you to explain the reasoning of the Answer.

IFRS does not immediately recognise all changes in the pension obligation due to plan amendments, which change the pension benefit for existing employees.
(Level II 2012 Volume 2 Financial Reporting and Analysis, 6th Edition. Pearson Learning Solutions p. 195).

What you have stated in your solution is :

....A change in the pension plan needs to be recognized immediately in IFRS ....



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