Terms of Reference IAS 19
International Accounting Standard 19 (IAS 19) outlines the accounting requirements for employee benefits, including short-term benefits (e.g. wages and salaries, annual leave), post-employment benefits such as retirement benefits, other long-term benefits (e.g. long service leave) and termination benefits, under the International Financial Reporting Standards (IFRS) rules set by the International Accounting Standards Board.
The Standard establishes the principle that the cost of providing employee benefits should be recognised in the period in which the benefit is earned by the employee, rather than when it is paid or payable, and outlines how each category of employee benefits are measured, providing detailed guidance in particular about post-employment benefits.
Furthermore, the standard defines the information to be disclosed in the notes of the financial statements.
The Working Group IAS 19 researches the financial and operational consequences of the implementation of IAS 19.