IAS 19 requires that all numbers involved in accounting for defined benefit plans be presented as a single amount in the statement of financial position. What is this amount called?
Net present value? Really? I mean, I know that's important for calculating the plan's obligations, but it's not the final number that goes on the financial statements.
I'm pretty sure it's called the Net defined benefit liability (asset). That's the one that shows the overall position of the defined benefit plan on the balance sheet, right?
Yes, you're correct. It's the Net defined benefit liability (asset) that represents the overall position of the defined benefit plan on the balance sheet.
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