Models of Accounting and Reporting of Social Benefits in Companies of Kazakhstan Using IFRS and International Experience

G. Amanova, Nazgul Aidargaliyeva, Beibit Korabayev

2025

Full text Open access: Gold Metadata (CSL-JSON)
DOI 10.32523/2789-4320-2025-4-269-292
Data confidence 70 medium
How this score is calculated

It is built from checkable properties of the record itself: whether the article has a DOI, how many independent sources confirmed its data, whether the required fields are filled in, and how recent the latest confirmation is. Disagreement between sources and a missing identifier lower it. A value of 80 or above means the record was published without further checking; 60 to 79 means it is published at reduced confidence, with a manual check advisable. A record verified by an editor by hand is never pushed below 90 by a recalculation. This scores our data about the article, not the article itself.

Abstract

This article examines the models of accounting and reporting of social benefits in companies of Kazakhstan using International Financial Reporting Standards (IFRS), as well as international experience in this area. Social benefits are an essential part of companies' obligations to their employees, including pensions, disability payments, medical care, and other benefits. Developing effective models for accounting these obligations is crucial for ensuring the transparency of financial statements and increasing investor confidence. The theoretical part of the study explores the key aspects of applying IFRS in the field of social benefits accounting, as well as the main principles and requirements for companies implementing international standards. Special attention is given to IAS 19 «Employee Benefits,» which is the primary regulatory standard governing the accounting of social benefits under IFRS. The practical part of the study focuses on analyzing current practices of social benefits accounting in Kazakhstan, as well as identifying problems and shortcomings in the existing system. Examples of applying international experience in the field of social obligations accounting and its integration into corporate practices in Kazakhstan are also discussed. In conclusion, the authors emphasize the importance of integrating IFRS into the system of social benefits accounting to improve financial reporting and enhance the level of trust from international investors. Recommendations are provided for improving the accounting of social benefits in companies in Kazakhstan based on international experience.