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  16. The offer to pay termination benefits can no longer

Question :   16. The offer to pay termination benefits can no longer : 2102198

 

16. The offer to pay termination benefits can no longer be withdrawn when the entity has communicated to affected employees a plan of termination that meets which of the following criteria?

a. actions required to complete the plan indicate that significant changes to the plan are unlikely

b. the plan identifies the location, function or job classification, the number of employees whose services are to be terminated, and the expected completion date

c. the plan establishes the termination benefits payable in sufficient detail to enable employees to determine the type and amount of benefits they will receive

d. all of the above

17. Which of the following do NOT fall within the definition of a termination benefit?

a. employee resignation

b. voluntary redundancy accepted by an employee

c. termination of employment before the normal retirement date due to company insolvency

d. termination of employment before the normal retirement date due to poor performance

18. Benefits paid to members of a defined contribution post-employment fund are based on:

 

I

the level of contributions made to the fund

II

remuneration levels while employed

III

number of years service

IV

investment returns generated by the fund

a. I and II only

b. II and III only

c. III and IV only

d. I and IV only

19. Actuarial gains or losses can arise from:

 

I

employee service provided in the current period

II

the unwinding of the discount applied to the obligation

III

changes to actuarial assumptions

IV

experience adjustments

a. I and II

b. II and III

c. III and IV

d. I and IV

20. Determining an entity’s liability for long service leave requires estimation of:

a. when the leave will be taken

b. projected salary levels

c. proportion of employees who will become entitled to the leave

d. all of the above.

 

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