Worldatwork T7 Exam Actual Questions

Which of the following should be used when discounting a benefit in order to determine the present value of the defined benefit obligation and the current service cost?

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IAS 19 requires that all numbers involved in accounting for defined benefit plans be presented as a single amount in the statement of financial position. What is this amount called?

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What is the present value of any economic benefits available in the form of refunds from or reductions in the future contributions to the defined benefits plan called?

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Which of the following describes the change in the net defined benefit liability (asset) during the period due to passage of time?

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What are the changes in the present value of the defined benefits obligation that result from experience adjustments or the effects of changes in actuarial assumptions called?

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