GuestDefined Contribution Plans
Source: Ind AS 19 (summary)
Under a defined contribution plan the obligation of the employer is limited to the amount it agrees to contribute, so the contribution payable for the period is charged to profit or loss. Under a defined benefit plan the entity bears the actuarial and investment risk and uses the projected unit credit method.
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About Accounting
Accounting principles in short, plain-language summaries: double entry, accrual, going concern and prudence, then Ind AS topics such as inventories, cash flows, events after the reporting period, income taxes, property, plant and equipment, employee benefits, government grants and foreign currency.