In this the periodic cost in p&l account under ifrs the interest expense will be (beg PBO+ past service cost)*8% right but in the answer they have calculated interest expense on beg PBO
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No, it should be only 8% of the begn PBO.
We always take the Interest cost on the Begn PBO and it has nothing to do with PSC.
Let’s say, we are closing our books as on 31st March, 2022, now the past service cost will be calculated as on 31st March itself. Had it been calculated as on 1st April, 2021, then we would have taken the effect of interest cost for the period 2021-2022 as well. But that’s not the case over here.
Next year onwards, the PSC will be the part of Begn PBO and automatically the interest cost will be charged to it.
I hope this clarifies your confusion.
No brother there is a change in the portion of pension now we have consider beg PBO + PSC TO CALCULATE interest cost
If in the question PSC is mentioned we have to add it to BEG PBO i heard one of the audio of the faculty of ssei in which se explained that we have to add psc in beg PBO to calculate interest cost