Worldatwork Exam T7 Topic 2 Question 53 Discussion

Actual exam question for Worldatwork's T7 exam

Question #: 53
Topic #: 2

Why is accounting for defined benefits plans one of the most complex issues in International Financial Reporting Standards?

ABecause it involves incorporating actuarial assumptions into measurement of the obligation and the expenses

BBecause defined benefits plan obligations are not measured on a discounted basis

CBecause defined benefits plans must be settled within ten years after the employee renders the related service

DBecause the employer is not allowed to incorporate actuarial assumptions into measurement of the obligation and the expenses

Show Suggested Answer

Suggested Answer: A

by Mitsue at Jun 15, 2022, 10:35 PM

Limited Time Offer

25%

Off

Contribute your Thoughts:

Submit Cancel

Currently there are no comments in this discussion, be the first to comment!