Processing retirement referral grant: Case study on textile industry enterprise, Batna

Authors

  • Mohammedi Abdelali University of Batna 1, Algeria
  • Oueznadji Abdelghani University of Ghardaia, Algeria
  • Sahraoui Fares University of Batna 1, Algeria

Keywords:

Unemployment Referral Grant, Employee Benefits, IAS 19

Abstract

This research paper aims to explore the accounting modifications and reforms undertaken by Algerian institutions in the assessment and allocation of certain benefits for their human resources, particularly long-term benefits. This exploration aligns with ongoing developments in various factors influencing the evolution of economic enterprises and accelerating development. Such advancements have catalyzed significant improvements in accounting reforms across all conceivable accounting practices in different institutions. A critical area of development relates to human resources management, considered the most crucial asset in any enterprise. Human resources reflect the efficiency and success of an enterprise in achieving its objectives. The enterprise strives to attract and retain this asset by implementing policies for compensations and incentives, particularly financial incentives, and providing both long-term and short-term privileges. Employing an analytical approach, this study relies on IAS 19 Employee Benefits to examine its application within the financial accounting framework. The findings indicate that under the SCF financial accounting system, any enterprise opting for the defined benefit scheme must allocate provisions or reserves for retirement enhancements and retirement referral compensations, or similar benefits for its employees. These should be recorded under sub-account 153, designated for provisions for pensions and similar obligations.

References

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Published

2024-12-23

How to Cite

Mohammedi, A., Oueznadji, A., & Sahraoui, F. (2024). Processing retirement referral grant: Case study on textile industry enterprise, Batna. International Journal of Economic Perspectives, 18(12), 2788–2807. Retrieved from http://www.ijeponline.org/index.php/journal/article/view/812

Issue

Vol. 18 No. 12 (2024)

Section

Peer Review Articles
Copyright & Licensing

Copyright (c) 2024 Mohammedi Abdelali, Oueznadji Abdelghani , Sahraoui Fares

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