Journal article

ACCOUNTING FOR EMPLOYEE ENTITLEMENTS

WJ McGregor, GD Pound

Accounting & Finance | Wiley | Published : 1979

DOI: 10.1111/j.1467-629X.1979.tb00201.x

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. © 1979 Accounting and Finance Association of Australia and New Zealand

University of Melbourne Researchers