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    Employee Benefits Questions 2

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    Ronnah Mae Flores
    This document contains a quiz with multiple choice questions about employee benefits and defined benefit and defined contribution pension plans. Specifically: - It asks about the accounting treatment for contributions to defined contribution plans, types of post-employment benefits, whether plans are funded or non-contributory, and how past service costs for changes to defined benefit plans should be recognized. - The questions distinguish between defined contribution plans, where the employee bears investment risk, and defined benefit plans, where the employer guarantees a retirement amount and bears investment risk. - It also asks about events that could change defined benefit obligations, such as changes in mortality rates, salaries, turnover or discount rates used to calculate pension liabilities.

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    Employee Benefits Questions 2

    Uploaded by

    Ronnah Mae Flores
    271 views1 page
    This document contains a quiz with multiple choice questions about employee benefits and defined benefit and defined contribution pension plans. Specifically: - It asks about the accounting treatment for contributions to defined contribution plans, types of post-employment benefits, whether plans are funded or non-contributory, and how past service costs for changes to defined benefit plans should be recognized. - The questions distinguish between defined contribution plans, where the employee bears investment risk, and defined benefit plans, where the employer guarantees a retirement amount and bears investment risk. - It also asks about events that could change defined benefit obligations, such as changes in mortality rates, salaries, turnover or discount rates used to calculate pension liabilities.

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    This document contains a quiz with multiple choice questions about employee benefits and defined benefit and defined contribution pension plans. Specifically: - It asks about the accounting treatment for contributions to defined contribution plans, types of post-employment benefits, whether plans are funded or non-contributory, and how past service costs for changes to defined benefit plans should be recognized. - The questions distinguish between defined contribution plans, where the employee bears investment risk, and defined benefit plans, where the employer guarantees a retirement amount and bears investment risk. - It also asks about events that could change defined benefit obligations, such as changes in mortality rates, salaries, turnover or discount rates used to calculate pension liabilities.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    271 views1 page

    Employee Benefits Questions 2

    Uploaded by

    Ronnah Mae Flores
    This document contains a quiz with multiple choice questions about employee benefits and defined benefit and defined contribution pension plans. Specifically: - It asks about the accounting treatment for contributions to defined contribution plans, types of post-employment benefits, whether plans are funded or non-contributory, and how past service costs for changes to defined benefit plans should be recognized. - The questions distinguish between defined contribution plans, where the employee bears investment risk, and defined benefit plans, where the employer guarantees a retirement amount and bears investment risk. - It also asks about events that could change defined benefit obligations, such as changes in mortality rates, salaries, turnover or discount rates used to calculate pension liabilities.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Module 4- Quiz No.

    1- Employee Benefits
    10. According to PAS 19, contributions to a b. Non-contributory plan
    defined contribution plan are recognized c. Funded plan
    a. at each year-end d. Chip-in plan
    b. when an employer makes those 17. It refers to a plan where only the employer
    contributions. contributes to a retirement fund.
    c. when an employee has rendered service in a. Contributory plan
    exchange for those contributions. b. Non-contributory plan
    d. at the beginning of each reporting period. c. Unfunded plan
    11. These are employee benefits (other than d. Libre ko plan
    termination benefits) which are payable after 18. It refers to a plan where plan assets are
    the completion of employment transferred to a trustee who assumes
    a. Short-term obligation of managing the fund and disbursing
    b. Other long-term funds to retiring employees.
    c. Share-based a. Funded plan
    d. Post-employment b. Non-contributory plan
    12. Post-employment benefit plans may be c. Unfunded plan
    a. Defined contribution plan d. Outsourcing plan
    b. Defined benefit plan 19. An entity has decided to improve its defined
    c. State plan benefit pension scheme. The benefit payable
    d. a or b will be determined by reference to 60 years’
    13. It is a type of retirement plan where the service rather than 80 years’ service. As a
    benefit to be received by the employee is result, the defined benefit pension liability will
    dependent on the contributions made to the increase by P10 million. The average
    plan and on the investment performance of the remaining service lives of the employees is 10
    plan. The risk that the benefits to be received years. How should the increase in the pension
    may be insufficient is retained by the liability by P10 million be treated in the financial
    employee. statements?
    a. Defined contribution plan a. The past service cost should be charged
    b. Defined benefit plan against retained profit.
    c. Leche plan b. The past service cost should be charged
    d. a or b against profit or loss for the year.
    14. It is a type of retirement plan where the c. The past service cost should be spread over
    employer assures a definite amount of benefit the remaining working lives of the employees.
    to be received by the employee. The risk that d. The past service cost should not be
    funds needed to pay the agreed benefits may recognized.
    be insufficient is retained by the employer. 20. Which of these events will cause a change
    a. Defined contribution plan in a defined benefit obligation?
    b. Defined benefit plan a. Changes in mortality rates or the proportion
    c. Plant vs. Zombies of employees taking early retirement.
    d. a or b b. Changes in the estimated salaries or
    15. Where a post- employment benefit plan benefits that will occur in the future.
    contains characteristics of both defined c. Changes in the estimated employer turnover.
    contribution and defined benefit, the plan is d. Changes in the discount rate used to
    considered to be calculate defined benefit liabilities and the
    a. Defined contribution plan value of assets.
    b. Defined benefit plan
    c. High breed plan
    d. a or b
    16. It refers to a plan where both the employer
    and employee contribute to a retirement fund.
    a. Contributory plan

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