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Worldatwork Exam T7 Topic 3 Question 104 Discussion

Actual exam question for Worldatwork's T7 exam
Question #: 104
Topic #: 3
[All T7 Questions]

Why is accounting for short-term employee benefits generally a straightforward process?

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Suggested Answer: C

Contribute your Thoughts:

Hayley
11 days ago
Haha, short-term benefits without actuarial assumptions? That's like the accounting version of a cheat code. A all the way, easy peasy!
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Muriel
2 days ago
I agree, A is definitely the right choice. No need for complicated calculations.
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Wilda
14 days ago
D? Really? Incorporating actuarial assumptions for short-term benefits? That sounds like way more work than necessary. A is the way to go, no doubt.
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France
4 days ago
A) Because no actuarial assumptions are required to measure the obligation or cost and there is no possibility of any actuarial gain or loss
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Luis
21 days ago
Hmm, I was leaning towards B, but I guess discounting short-term benefits doesn't make sense since they're usually paid out soon anyway. A seems like the clear winner here.
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Bulah
19 hours ago
User 1: I think A is the right answer.
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Gail
29 days ago
I disagree. I believe accounting for short-term employee benefits is straightforward because they are measured on a discounted basis.
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Virgina
29 days ago
I think the correct answer is A. Short-term employee benefits don't require actuarial assumptions, which makes the accounting process straightforward. No risk of actuarial gains or losses either.
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I agree, short-term employee benefits don't involve actuarial assumptions.
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Pete
30 days ago
I agree with Malinda. Short-term employee benefits are not provided in exchange for the service of the employee, so it's easier to measure the obligation.
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Malinda
1 months ago
I think accounting for short-term employee benefits is straightforward because no actuarial assumptions are required.
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