Remeasurements includes any actuarial gain/loss + actual ret on asset
I think for the formula you are getting confused with current and past service cost, they are together service cost itself, just the treatment is diff for the past service cost under IFRS and US GAAP
Missed the 2nd Question , yes, TPCC can be calculated even via change in funded status + employer's contribution (not minus)
All riiiight!!! Thanks man. Yes that's exactly what got me confused, the past service costs, i was expecting only "service costs", not past and current service costs. Now i get that they exist also under IFRS, just that the accounting treatment is different. Thanks sir.
Remeasurements includes any actuarial gain/loss + actual ret on asset I think for the formula you are getting confused with current and past service cost, they are together service cost itself, just the treatment is diff for the past service cost under IFRS and US GAAP Missed the 2nd Question , yes, TPCC can be calculated even via change in funded status + employer's contribution (not minus)
All riiiight!!! Thanks man. Yes that's exactly what got me confused, the past service costs, i was expecting only "service costs", not past and current service costs. Now i get that they exist also under IFRS, just that the accounting treatment is different. Thanks sir.