Which of the following plans obliges an employer to pay a specified amount of benefits to the
employee?
C
In a defined contribution benefit plan, who assumes risk?
A
The profit-sharing plan of Company ABC requires the company pay a specified proportion of its profit
for the year to employees who serve throughout the year. If no employees leave during the year, the
total profit-sharing payments for the year will be 3% of profit. The company estimates that staff
turnover will reduce the payments to 2.5% of profit. What does Company ABC recognize as a liability
and an expense?
B
What is a constructive obligation?
C
When does a present obligation exist?
B
Why is accounting for short-term employee benefits generally a straightforward process?
A
Profit-sharing and bonuses are an example of which kind of employee benefits?
D
Defined contribution plans are an example of which kind of employee benefits?
B
Paid annual leave and paid sick leave are examples of which kind of employee benefits?
A
An offer of redundancy is an example of which kind of employee benefits?
C
Employee benefits provided in exchange for the end of an employees employment are considered
what kind of benefits?
C
Employee benefits that are not short-term, post-employment or termination benefits are considered
what kind of benefits?
D
Employee benefits that are payable after the completion of employment are considered what kind of
benefits?
B
Employee benefits that are expected to be settled wholly before twelve months after the end of the
annual reporting people in which the employee rendered the related service are considered what
kind of benefits?
A
IAS 19 classifies employee benefits into four main categories. Which of the following best represent
those categories?
C