060117_ATZ_Positionspapier.pdf

Here are the key points summarized:

• The EITF Issue No. 05-5 has no influence on the current IFRS financial reporting, as it only applies to US GAAP.
• According to IAS 19/IDW RS HFA 3, the entire expense should be recognized at the date of obligation inception.
• FAS 112 and EITF Issue No. 05-5 assume an expenses distribution over time between the employee's signature and the end of the active phase.
• There is a direct conflict between US GAAP (FAS 88) and IFRS (IAS 19) regarding the recognition of termination benefits.
• If the termination benefits are emphasized, IAS 19 requires the entire expense to be recognized at obligation inception.
• EITF Issue No. 05-5 confirms the interpretation of IAS 19 by IDW RS HFA 3, as it assigns ATZ agreements with a termination benefit character to FAS 112 and recognizes expenses only when obligations are incurred.

Note: The document is discussing accounting interpretations and financial reporting standards, specifically in relation to IFRS (International Financial Reporting Standards) and US GAAP (Generally Accepted Accounting Principles).