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- IAS 26 – Accounting and Reporting by Retirement Benefit Plans 0%
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Question 1 of 12
1. Question
Retirement benefit plans are sometimes referred to by __________.
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Question 2 of 12
2. Question
IAS 26 Accounting and Reporting by Retirement Benefit Plans __________ IAS 19 Employee Benefits.
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Question 3 of 12
3. Question
Retirement benefit plans may be __________.
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Question 4 of 12
4. Question
Which of the following statements it true regarding the creation of separate funds, to which contributions are made and from which retirement benefits are paid?
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Question 5 of 12
5. Question
Retirement benefit plans with assets invested with insurance companies are subject to the same accounting and funding requirements as privately invested arrangements and are within the scope of IAS 26 __________ the contract with the insurance company is in the name of a specified participant or a group of participants and the retirement benefit obligation is solely the responsibility of the insurance company.
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Question 6 of 12
6. Question
Which of the following terms are defined by the following statement: “retirement benefit plans under which amounts to be paid as retirement benefits are determined by contributions to a fund together with investment earnings thereon”?
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Question 7 of 12
7. Question
Net assets available for benefits are the assets of a plan __________ the actuarial present value of promised retirement benefits.
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Question 8 of 12
8. Question
Vested benefits are benefits, the rights to which, under the conditions of __________, __________ on continued employment.
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Question 9 of 12
9. Question
Retirement benefit plans are normally described as either __________ or __________, each having their own distinctive characteristics.
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Question 10 of 12
10. Question
Which of the following shall be included in the financial statements of a defined contribution plan?
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Question 11 of 12
11. Question
Under a defined contribution plan, the amount of a participant’s future benefits is determined by the contributions paid by the employer, the participant, or both, and the operating efficiency and investment earnings of the fund.
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Question 12 of 12
12. Question
The objective of reporting by a defined contribution plan is to provide information about the plan and the performance of its investments and is achieved by issuing financial statements including __________.
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