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T7 Exam Dumps - International Financial Reporting Standards for Compensation Professionals Exam

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Question # 4

Issuance of interim reports is an example of what enhancing characteristic?

A.

Comparability

B.

Verifiability

C.

Relevance

D.

Timeliness

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Question # 5

Employee benefits that are expected to be settled wholly before twelve months after the end of the annual reporting people in which the employee rendered the related service are considered what kind of benefits?

A.

Short-term benefits

B.

Post-employment benefits

C.

Termination benefits

D.

Long-term benefits

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Question # 6

Defined benefit pension commitments often represent a company’s largest single financial liability. IAS 19 was amended as of January, 2014. What does this amendment require?

A.

That surplus or deficit of a pension fund be detailed in the financial statement

B.

That any existing deficit of a pension fund be detailed in the financial statement

C.

That any projected deficit of a pension fund be detailed in the financial statement

D.

That companies state whether they have a defined benefit or defined contribution plan in the financial statement

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Question # 7

Paid annual leave and paid sick leave are examples of which kind of employee benefits?

A.

Short-term benefits

B.

Post-employment benefits

C.

Termination benefits

D.

Long-term benefits

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Question # 8

Which of the following is a benefit of moving toward a single set of standards?

A.

Create equity across the economies of different countries

B.

Reduce the number of cross-border capital flows

C.

Greater comparability between companies equals lower cost to investors

D.

Less competition among exchanges

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