CERTYNEX IFRS ACADEMY

A trainee describes the treatment of a plan curtailment that occurred during the year, following the elimination of many jobs. Which of his steps is wrong?

I remeasure the net liability using the current fair value of plan assets and current actuarial assumptions before measuring the effect.

I take the effect of the asset ceiling into account after determining the effect of the curtailment, not before.

I measure the curtailment gain using the values at the last reporting date, without remeasuring the net liability at the curtailment date.

I follow the same approach for an amendment and a settlement: prior remeasurement, then determination of the cost or result.