Employee Future Benefits - What you need to know about Sections 3462 and 3463

September 01, 2014

Accounting for employee future benefits can be complex, but recent changes to the standards have simplified the accounting for defined benefit plans. This publication will cover the new standards on employee future benefits that have been issued in Part II and Part III of the CPA Canada Handbook. It will cover who these Sections apply to, when they are applicable, the key changes you need to be aware of, the differences between funding and accounting valuations, and the transitional provisions available. A detailed example how to calculate the defined benefit liability under the new standards is also provided.

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