How Actuarial Assumptions Affect Defined Benefit Obligations under International Financial Reporting Standards. Evidence from Korea
type="main"> <p>This paper examines how actuarial assumptions affect defined benefit obligations (DBOs) under the newly adopted Korean International Financial Reporting Standards (K-IFRS) with the help of evaluation reports provided by the pension provider. The results show that there is no significant discrepancy between the DBOs estimated on a going concern basis under K-IFRS, and the retirement benefits estimated on a non-going concern basis under traditional K-GAAP. Also, the rate of salary increase, average salary and average years of service have a statistically significant positive impact on DBOs, irrespective of the adoption of K-IFRS.
Year of publication: |
2014
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Authors: | Cho, Kwanghee ; Kim, YoungJun ; Yoon, Sang Kyoo |
Published in: |
Australian Accounting Review. - CPA Australia, ISSN 1035-6908. - Vol. 24.2014, 3, p. 255-261
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Publisher: |
CPA Australia |
Saved in:
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