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ACCOUNTING FOR EMPLOYEE ENTITLEMENTS *
Author(s) -
McGregor Warren J.,
Pound Greg. D.
Publication year - 1979
Publication title -
accounting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.645
H-Index - 49
eISSN - 1467-629X
pISSN - 0810-5391
DOI - 10.1111/j.1467-629x.1979.tb00201.x
Subject(s) - liability , accounting , business , current liability , actuarial science , sick leave , financial accounting , economics , accounting information system , labour economics , working capital
Abstract: This paper considers the problem of accounting for employee entitlements. Accrued entitlements to annual leave, sick leave and long service leave are evaluated by reference to the basic characteristics of an accounting liability and a case is presented for liability recognition in each instance. An empirical survey undertaken by the authors shows current practice in this area and indicates the need for improved financial reporting.