The International Accounting Standards Board has proposed changes to IFRS pension accounting including all of...

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Accounting

The International Accounting Standards Board has proposed changes to IFRS pension accounting including all of the following except

a) different presentation of pension costs in the income statement.

b) elimination of smoothing via the corridor approach.

c) requiring recognition of actuarial gains and losses over the expected service lives of employees.

d) a new category of pensions for accounting purpose contribution-based promises.

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