E2 Employee benefits

Written by Saad Rahman (ACCA)

اے سی سی اے · ایکسپرٹیز لیول میں نیا · 8 سوالات

نام: ____________________   تاریخ: ____________

1. Which of these is a short-term employee benefit?

   • A Wages and paid annual leave due within 12 months
   • B Share capital
   • C A loan to the entity
   • D A pension payable in 20 years

2. 120 employees are expected to carry forward an average of 1.5 unused days each and the daily pay is $80. What is the accrual for accumulating leave?

   • A $12,000
   • B $14,400
   • C $9,600
   • D $28,800

3. When is the cost of accumulating paid leave recognised?

   • A When the leave is taken
   • B Never
   • C As the employees render the service that earns the entitlement
   • D When the employee leaves

4. In a defined contribution plan, what is the expense for the period?

   • A Nothing, as the employee bears the cost
   • B The fund's investment return
   • C An actuarial estimate of future benefits
   • D The contributions payable for the service in the period

5. An entity must contribute 8 percent of salaries of $2,500,000 and paid $180,000 in the year. What liability is recognised?

   • A $0
   • B $20,000
   • C $180,000
   • D $200,000

6. When are termination benefits recognised?

   • A When the employee is hired
   • B When the employee receives the payment
   • C At the earlier of when the offer can no longer be withdrawn and when related restructuring costs are recognised
   • D At the year end always

7. Who bears the investment risk in a defined contribution plan?

   • A The entity
   • B The government
   • C The auditor
   • D The employee

8. A profit-sharing bonus is recognised when:

   • A The board first discusses it
   • B The bonus is paid
   • C The year end passes
   • D There is a present obligation and a reliable estimate