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Impact Of Ias 19 Actuarial Calculations’ On Financial Performance: Evidence From Public Enterprises In Federation Of Bosnia And Herzegovina

Author

Listed:
  • Jasmina Selimovic

    (University of Sarajevo)

  • Benina Veledar

    (University of Sarajevo)

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.

Suggested Citation

  • Jasmina Selimovic & Benina Veledar, 2021. "Impact Of Ias 19 Actuarial Calculations’ On Financial Performance: Evidence From Public Enterprises In Federation Of Bosnia And Herzegovina," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 30(1), pages 267-283, june.
    • Handle: RePEc:avo:emipdu:v:30:y:2021:i:1:p:267-283
    DOI: 10.17818/EMIP/2021/1.13
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    References listed on IDEAS

    as
    1. Martin Glaum & Tobias Keller & Donna L. Street, 2018. "Discretionary accounting choices: the case of IAS 19 pension accounting," Accounting and Business Research, Taylor & Francis Journals, vol. 48(2), pages 139-170, February.
    2. Nastasie Mihaela – Andreea & Avram Marioara, 2014. "Considerations Applicable International Accounting Regulations Of Wages And Related Rights," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 58-62, February.
    3. Clara Severinson, 2010. "The New IAS 19 Exposure Draft," OECD Working Papers on Finance, Insurance and Private Pensions 5, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    IAS 19; employee benefits; financial performance; public enterprises;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M51 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Firm Employment Decisions; Promotions

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