CERTYNEX IFRS ACADEMY

A trainee presents the accounting for the components of defined benefit cost for a year. Which of the trainee's sentences is wrong?

The year's service cost is recognised in profit or loss, unless another standard requires its inclusion in the cost of an asset.

The year's actuarial gains and losses are taken to staff costs in profit or loss, together with the service cost of the period.

Net interest on the net defined benefit liability (asset) is recognised in profit or loss.

Remeasurements of the net defined benefit liability (asset) are recognised in other comprehensive income.