Employees take their long service leave years and years into the future. Whether there is any long
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Employees take their long service leave years and years into the future. Whether there is any long service leave depends on whether the employee keeps working for the company and how long the employee works for the company. Therefore, long service leave costs can only be realistically determined when they are being paid in the future. Why shouldn’t they be expensed then, rather than now?
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Long service leave is a form of employee benefit that accrues over time as a reward for an employees extended period of service with a company The question youre raising pertains to the accounting tre...View the full answer
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Related Book For 
Financial Accounting An Integrated Approach
ISBN: 9780170411028
7th Edition
Authors: Ken Trotman, Elizabeth Carson
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