Review article
https://doi.org/10.17818/EMIP/2021/1.13
IMPACT OF IAS 19 ACTUARIAL CALCULATIONS’ ON FINANCIAL PERFORMANCE: EVIDENCE FROM PUBLIC ENTERPRISES IN FEDERATION OF BOSNIA AND HERZEGOVINA
Jasmina Selimović
orcid.org/0000-0001-8485-8642
; University of Sarajevo, School of Economics and Business, Sarajevo,BiH
Benina Veledar
orcid.org/0000-0002-7636-5685
; University of Sarajevo, School of Economics and Business,Sarajevo,BiH
Abstract
International Accounting Standard 19 - Employee Benefits outlines the accounting requirements for employee benefits, including short-term benefits, post-employment benefits, other long-term benefits and termination benefits. The standard establishes the principle that the cost of providing employee benefits should be recognized 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 is measured. Aim of the paper is to determine the degree of IAS 19 implementation in Federation of Bosnia and Herzegovina, and its impact on financial performance of public enterprises. Since no significant negative impact of the implementation of IAS 19 on the financial performance has been proven, it could be recommended that the observed entities consider all its advantages and thus realize the potential benefits for both, the company and the employees.
Keywords
IAS 19; employee benefits; financial performance; public enterprises
Hrčak ID:
258656
URI
Publication date:
10.6.2021.
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