Page 5 - FAC4861_3 Unisa Test 4 slides
P. 5
EMPLOYEE BENEFITS
Outcomes
• Define and distinguish between the four major categories of
employee benefits.
• Account for short term employee benefits.
• Define and distinguish between a defined contribution plan and a
defined benefit plan.
• Account for defined contribution plans.
• Account for defined benefit plans.
• Account for long-term employee benefits.
• Account for termination benefits.
• Account for current and deferred taxation applicable on
employee benefits.
• Disclose employee benefits in financial statements, in terms of
IAS 19.
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