| Financial Reporting Standard 126 |
Contents
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paragraphs
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FINANCIAL REPORTING STANDARD 126
ACCOUNTING AND REPORTING BY
RETIREMENT BENEFIT PLANS
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| SCOPE |
1-7 |
| DEFINITIONS |
8-12 |
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DEFINED CONTRIBUTION PLANS
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13-16 |
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DEFINED BENEFIT PLANS
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17-31 |
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Actuarial present value of promised retirement benefits
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23-26 |
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Frequency of actuarial valuations
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27 |
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Financial statement content
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28-31 |
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ALL PLANS
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32-36 |
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Valuation of plan Aassets
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32-33 |
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Disclosure
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34-36 |
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EFFECTIVE DATE
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37 |
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WITHDRAWAL OF FRS 1262004
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37A |
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AMENDMENT TO OTHER FRSs
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Style
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Additions to IFRSs are clearly identified and would be made in a manner that preserves the format and structure of the IFRSs.
If a new paragraph is added, that paragraph would be labelled with the preceding paragraph number followed by a capitalised alphabet and the word "added" is included at the right side of the paragraph. If a paragraph is deleted, the text would be marked as deleted text by the inclusion of the word "deleted" at the right side of the paragraph and the reason for the deletion is explained at the end of the paragraph. [New paragraph or deleted paragraph without the indication of "added" or "deleted" at the right side of the paragraph is amendments made by the IASB.]
Additions or deletions made within the paragraph in IFRSs would be shaded and underlined or struck through respectively. [Those additions and deletions which are underlined or struck through without shading are amendments made by the IASB.]
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Financial Reporting Standard 126 Accounting and Reporting by Retirement Benefits Plans (FRS 126) is set out in paragraphs 1-37A. All the paragraphs have equal authority. FRS 126 should be read in the context of the Foreword to Financial Reporting Standards and the Framework for the Preparation and Presentation of Financial Statements. FRS 108 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies in the absence of explicit guidance.
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