CFAS-PAS 19

18問 • 2年前

問題一覧

The objective of PAS 19 is to prescribe the accounting and disclosure for employee benefits, requiring an entity to recognize a liability where an employee has provided service and an expense when the entity consumes the economic benefits of employee service.

TRUE

Employee benefits are all forms of consideration given by an entity in exchange for service rendered by employees, excluding directors and management.

FALSE

Employee benefits are recognized when the employee earns those benefits, not when those benefits are paid in cash.

TRUE

An entity shall recognize the cost of all employee benefits to which its employees have become entitled as a result of service rendered to the entity during the reporting period: I.) as a liability, before deducting amounts that have been paid directly to the employees; and II.) as an expense, unless another section of this Framework requires the cost to be recognized as part of the cost of an asset.

I is incorrect; II is correct

Short term employee benefits includes the following; EXCEPT.

Monetary benefits

An entity recognizes the expected cost of profit-sharing and bonus payments when, and only when, it has a legal or constructive obligation to make such payments as a result of past events and a reliable estimate of the expected obligation can be made.

TRUE

The accounting treatment for a post-employment benefit plan depends on the economic substance of the plan and results in the plan

TRUE

Under a defined benefit plan, the entity pays fixed contributions into a fund but has no legal or constructive obligation to make further payments if the fund does not have sufficient assets to pay all of the employees' entitlements to post-employment benefits.

FALSE

Defined contribution plans create an obligation on the entity to provide agreed benefits to current and past employees and effectively places actuarial and investment risk on the entity

FALSE

An entity is required to recognize the net defined benefit liability or asset in its statement of comprehensive income.

FALSE

The MEASUREMENT of a net defined benefit liability or assets requires the application of an actuarial valuation method, the attribution of benefits to periods of service, and the use of actuarial assumptions. The fair value of any plan assets is deducted from the present value of the defined benefit obligation in determining the net deficit or surplus.

TRUE

The present value of an entity's defined benefit obligations and related service costs is determined using the 'projected unit debit method', which sees each period of service as giving rise to an additional unit of benefit entitlement and measures each unit separately in building up the final obligation.

FALSE

Mortality assumptions must be based on market expectations at the end of the reporting period

FALSE

Financial assumptions are determined by reference to the best estimate of the mortality of plan members during and after employment

FALSE

Assumptions about expected salaries and benefits reflect the terms of the plan, future salary increases, any limits on the employer's share of cost, contributions from employees or third parties*, and estimated future changes in state benefits that impact benefits payable

TRUE

Present service cost is the term used to describe the change in a defined benefit obligation for employee service in prior periods, arising as a result of changes to plan arrangements in the current period (i.e. plan amendments introducing or changing benefits payable, or curtailments which significantly reduce the number of covered employees) .

FALSE

Past service cost is recognised as an income at the earlier of the date when a plan amendment or curtailment occurs and the date when an entity recognises any termination benefits, or related restructuring costs under PAS 37.

FALSE

A termination benefit liability is recognized at the earlier of the following dates: I. when the entity can no longer withdraw the offer of those benefits - additional guidance is provided on when this date occurs in relation to an employee's decision to accept an offer of benefits on termination, and as a result of an entity's decision to terminate an employee's employment II. when the entity recognises costs for a restructuring under PAS 37 which involves the payment of termination benefits.

Bothe statement are correct

VITMOLOGY-PPT2

Anndrea S. Galupo · 22問 · 1年前

VITMOLOGY-PPT2