1.Currently, companies usually pay twice a month, for example, the salary for July 2023 is to open on the 10th equal to 50% and open on July 25th equal to 50%. How to register accounting? 2.Currently, companies usually pay twice a month, for example, the salary for July 2023 is to open on the 20th equal to 50% and open on August 5 equal to 50%. How to register accounting?
If that relates to the salary of that month, just recognize the expense in that month. For example, you may decide to recognize the salary expense on the last day of the month for simplicity. Any payments are then recognized as either advances paid or decrease of liabilities. So: 1. In this case, just account for both payments as Debit Advances paid to employees/Credit Bank account, and then on 31 July account Debit PL-Salary expenses Credit Advances paid. 2. Here, the first payment is in July for July, so the entry is as above, then you have the expense on 31 July: Debit P/L Salary expenses 100%, Credit Advances paid 50%, Credit Liabilities to empoyees 50%; and then the payment in August Debit Liabilities to employees/Credit Bank account. Of course, that all depends on the specific systems in the company.
Ma'am how would you account for employees being laid off (because of redundancy), where the directors are of the opinion that they are self employed and that they haven't paid any compensation for redundancy in that jurisdiction. (ACCA question) Can we are argue for a provision as per ias 37 and 19 as there could be a constructive obligation as they might have provided compensation in other jurisdictions and self employed employees are paid wages/other short term payments. Does IAS 19 provide for self employed employees? Thank you!
Thanks for watching! Let’s connect:
*Newsletter: www.cpdbox.com/
*LinkedIn: www.linkedin.com/in/silviamahutova/
*Instagram: instagram.com/cpdbox/
I can't stop coming back to this channel on my accounting journey. thanksgiving
Glad it helps!
I gained a deeper understanding of IAS 19. Thank you so much!
Thank you 😊 So much Mam 💕 I passed my IFRS exam conducted by ACCA in December 2021 😇 after watching your videos 📹
That's absolutely great, big congratulations and please do celebrate your success! I am very happy to contribute a little :)
this is very helpful to accounting students . Thankyou !!
Thank you for explaining IAS 19 very well. It is all informative, professional, and entertaining all at once. You make learning fun.
Thank you Silvia your content always useful and very informative... Keep it up 🙌🤗
Absolutely beautiful and extremely well explained
Thank you for this video lecture, ma'am! Very easy to digest.
thank you for this excellent presentation of IAS 19!
Thank you for this video lecture ma'am! I had fun watching!
Hey Silvia, Great content. I recently stumbled on your videos. I immediately subscribed after seeing IFRS 15. Is it possible to get this on a slide?
Thanks a lot Silvia...you are a great help to me in understanding the ifrs .
I have got answers of many doubts.
Very good and funny videos bring a great sense of entertainment!
wonderful session, thank you so much.
1.Currently, companies usually pay twice a month, for example, the salary for July 2023 is to open on the 10th equal to 50% and open on July 25th equal to 50%. How to register accounting?
2.Currently, companies usually pay twice a month, for example, the salary for July 2023 is to open on the 20th equal to 50% and open on August 5 equal to 50%. How to register accounting?
If that relates to the salary of that month, just recognize the expense in that month. For example, you may decide to recognize the salary expense on the last day of the month for simplicity. Any payments are then recognized as either advances paid or decrease of liabilities. So:
1. In this case, just account for both payments as Debit Advances paid to employees/Credit Bank account, and then on 31 July account Debit PL-Salary expenses Credit Advances paid.
2. Here, the first payment is in July for July, so the entry is as above, then you have the expense on 31 July: Debit P/L Salary expenses 100%, Credit Advances paid 50%, Credit Liabilities to empoyees 50%; and then the payment in August Debit Liabilities to employees/Credit Bank account. Of course, that all depends on the specific systems in the company.
Great videos, both informative and inspiring.
Very clear,thank you
Very professional video.
Thank you, Ma'am!
Great explanation.
Thank you !!!
thank you Silvia
Ma'am how would you account for employees being laid off (because of redundancy), where the directors are of the opinion that they are self employed and that they haven't paid any compensation for redundancy in that jurisdiction. (ACCA question)
Can we are argue for a provision as per ias 37 and 19 as there could be a constructive obligation as they might have provided compensation in other jurisdictions and self employed employees are paid wages/other short term payments.
Does IAS 19 provide for self employed employees?
Thank you!
Excellent presentation
thank you so much
How to record asset ceiling? Should be recorded to oci or expense ?
Good
thanks
Good Presentation
Hi, can I please know the difference between curtailment and settlement in defined benefit plan
Hello Ma'am.
Why we discount future liabilities ?
Because it's a future obligation and not a present obligation.
Finished rewatching, I have learned a lot as always 🤗
A good day to you ma'am! I understood Benefit plans more bevause of this!
Very good and funny videos bring a great sense of entertainment!
Very good and funny videos bring a great sense of entertainment!