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WorksheetsPAS 19, 8, and 10
Total questions: 10
Worksheet time: 3mins
These include benefits provided either to employees or to their dependents or
beneficiaries and may be settled by payments (or the provision of goods or services) made
either directly to the employees, to their spouses, children or other dependents or to others,
such as insurance companies as per PAS 19.
Employee benefits
Total compensation package
Extrinsic Motivation
Employee payment
These include items such as the following, if expected to be settled
wholly before twelve months after the end of the annual reporting period in which the
employees render the related services.
short‑ term employee benefits
wages and salaries
post‑ employment benefits
termination benefits
Under _____ the entity’s legal or constructive obligation is limited to the
amount that it agrees to contribute to the fund.
defined benefit plans
long-term benefit plan
defined contribution plans
defined employee plan
Under _____, the entity’s obligation is to provide the agreed benefits to current and former employees actuarial risk and investment risk fall, in
substance, on the entity.
Defined Contribution Plans
Defined Benefit Plans
Short-term benefit plan
Multi-Employer Plans
Accounting for Other Long‑Term Employee Benefits involves the recognition of
remeasurements in other comprehensive income
TRUE
FALSE
Termination benefits do not include employee benefits resulting from termination of
employment at the request of the employee without an entity’s offer, or as a result of mandatory
retirement requirements.
TRUE
FALSE
_____ are the specific principles, bases, conventions, rules and practices applied
by an entity in preparing and presenting financial statements as per PAS 8.
GAAP
Accounting rules
Accounting convention
Accounting policies
_____ refer to a change in an accounting estimate is an adjustment of the
carrying amount of an asset or liability, or related expense or the amount of the periodic
consumption of an asset, resulting from reassessing the present status of expected future
benefits and obligations associated with the asset or liability.
Accounting Estimates
Accounting Policies
Retrospective change
Prospective change
Based on PAS 10, _____ are those events, favorable and unfavorable, that occur
between the end of the reporting period and the date when the financial statements are
authorized for issue.
Events before the reporting period
Events after the reporting period
Events during the reporting period
_____ are events occurring after the reporting date that do not provide evidence
of conditions that existed at the end of the reporting period.
adjusting events
Non-adjusting events
fortuitous event
accountable event
