Products
AASB 119 EMPLOYEE BENEFITS
AASB 119 requires Annual Leave, vested Sick Leave and other employee benefits not expected to be paid within 12 months - as well as Long Service Leave - to be recognised at the present value of estimated future cash flows.
The ideal complement for any accounting system that produces a listing of unused employee leave entitlements at balance date! The simplest way to put Australian Accounting Standard AASB 1028 - and new International Standard AASB 119 into practice!
- Automatically adjusts for future pay increases
- Automatically calculates the net present value of the future payment
- Automatically applies your own payout experience for employees not entitled to long service leave
- Automatically applies your own payout experience for employees taking long service leave
- Easy-to-use colour coded layout for quicker data entry
- Flexible formatting facilitates tailoring to your Council’s exact requirements
- Flexible allowances for payroll oncosts
- Comprehensive User Guide
- Re-useable each year - no updates required (unless the Standards change)
- No specific software or hardware required - template uses standard version of Microsoft Excel
CURRENT VERSION v5.2 - now with Departmental
summary facility to assist full cost attribution.
The liability calculations are unchanged, and users of v5.1 need only
upgrade if they wish to obtain the benefits of the Departmental summary.
Users of version 4 and earlier should have upgraded prior to the introduction
of International Financial Reporting Standards - upgrade
NOW!!
Handles Long Service Leave, Annual Leave, Sick Leave and other benefits. Just click here for an order form.
$125 (excluding GST)
$137.50 (including GST)
NO OTHER SPECIALIST SOFTWARE IS USED BY MORE COUNCILS THROUGHOUT AUSTRALIA
Interest rates applicable are posted under Technical Tips and Talking Points
on this site - use this link Download.