Download International Financial Reporting Standards for Compensation Professionals.T7.NewDumps.2018-07-24.49q.tqb

Vendor: WorldatWork
Exam Code: T7
Exam Name: International Financial Reporting Standards for Compensation Professionals
Date: Jul 24, 2018
File Size: 153 KB
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Demo Questions

Question 1
An offer of redundancy is an example of which kind of employee benefits?
  1. Short-term benefits
  2. Post-employment benefits
  3. Termination benefits
  4. Long-term benefits
Correct answer: C
Question 2
When the quality of information confirms users’ earlier expectations, which characteristic is being represented?
  1. Verifiability
  2. Predictive value
  3. Confirmatory value
  4. Faithful representation
Correct answer: C
Question 3
When an employee has provided service in exchange for benefits to be paid in the future, what is it considered in accounting terms?
  1. The employee value proposition
  2. A long term benefit
  3. A noncurrent expense
  4. A liability
Correct answer: D
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