Employee benefits & provisions – Exam not included

Course Structure

This eLearn introduces the following topics:

• Introduction to pension accounting
• Pension plan classification
• Pension valuation
• Pension disclosures
• Introduction to accounting of provisions

Should Attend

This course is intended for professionals in financial and actuarial functions within banks.

Prerequisites

There are no prerequisites to follow this eLearn

Assessment

Exam not included.

Key-Features

Detailed Objectives:

A) Pension plan classification:

Understand the difference between defined benefit and defined contribution pension plans
Understand the classification of insured benefits, collective defined contribution plans and multi employer plans

B) Pension valuation:

Understand the difference between the measurement of defined benefit and defined contribution pension plans
Understand the determination of the pension expense and the pension provision of defined benefit pension plans

C) Pension disclosures:

Understand the required disclosures in the financial statements of defined contribution and defined benefit pension plans

• D) Introduction to accounting of provisions:

• Understand when a provision is required to be booked
• How to measure provisions