104 JICPA’s action plan regarding the Standards of Retirement Benfits
Japanese Institute of Certified Public Accountants (JICPA) issued an announcement “action plan regarding the Standards of Retirement Benfits,” on July 12 2012.
Accounting Standards 26 “Accounting Standards of Retirement Benefits” and Application Guideline 25 “Application Guideline of the Standards of Retirement Benefits” reflected some revisions from the Accounting System Committee 13 “Application Guideline of Accounting Standards of Retirement Benefits (Interim Report)” and “Q&A on Accounting of Retirement Benefits,” both of which JICPA plan to abolish in the future.
However, since the new standards will be effective for the year beginning after April 1 2013, we have to be aware that until then these guideline and Q&A are alive.
