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Worldatwork Exam T7 Topic 2 Question 99 Discussion

Actual exam question for Worldatwork's T7 exam
Question #: 99
Topic #: 2
[All T7 Questions]

What is the main objective of IAS 19?

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Suggested Answer: A

by Louvenia at Sep 18, 2024, 09:30 PM

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Sunshine
4 months ago
I bet the answer is hidden in a footnote somewhere. That's how they get you, you know?
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Felicidad
4 months ago
Wait, wait, wait. What if the main objective is to ensure that employees actually get their benefits? That would be a real game-changer!
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Gilma
4 months ago
Hold on, are we sure this isn't a trick question? Maybe it's all about drawing distinctions between short and long-term benefits. You know, keeping the accountants on their toes.
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Amalia
4 months ago
Hmm, I'm not so sure. What if it's actually about the timing of payments? That could be a tricky one.
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Thersa
3 months ago
I'm not so sure about the timing of payments being the main objective. It seems more focused on employee benefits and plan distinctions.
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Evangelina
3 months ago
Actually, I think it's both A) To prescribe the accounting and disclosure for employee benefits and D) To draw a distinction between a defined contribution and defined benefit plan.
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Timothy
3 months ago
I believe it's more about drawing a distinction between a defined contribution and defined benefit plan.
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Kristin
3 months ago
I think the main objective of IAS 19 is to prescribe the accounting and disclosure for employee benefits.
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Maryanne
4 months ago
I don't know, guys. Option D looks pretty interesting to me. Defining the difference between contribution and benefit plans is kind of a big deal, you know?
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Nelida
3 months ago
I agree. It's essential for companies to accurately account for and disclose employee benefits.
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Holley
3 months ago
Definitely! Knowing the distinction can help in making informed decisions regarding employee benefits.
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Selma
3 months ago
Option D does seem important. It's crucial to understand the difference between contribution and benefit plans.
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Mary
4 months ago
C) To draw a distinction between long and short term benefits
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Cristy
4 months ago
D) To draw a distinction between a defined contribution and defined benefit plan
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Bea
4 months ago
B) To prescribe the timing of payments
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Ligia
4 months ago
A) To prescribe the accounting and disclosure for employee benefits
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Francoise
5 months ago
I believe option D is also relevant, as IAS 19 aims to draw a distinction between a defined contribution and defined benefit plan.
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Virgie
5 months ago
Option A seems like the obvious choice here. I mean, who doesn't know that IAS 19 is all about employee benefits?
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Wayne
4 months ago
D) That's right, it also clarifies the difference between defined contribution and defined benefit plans.
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Romana
4 months ago
D) To draw a distinction between a defined contribution and defined benefit plan
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Norah
4 months ago
I agree, that's the main objective of IAS 19.
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Willard
4 months ago
A) To prescribe the accounting and disclosure for employee benefits
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Yen
4 months ago
C) It's important to understand the distinction between long and short term benefits.
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Luis
4 months ago
B) Exactly, IAS 19 focuses on how to account for employee benefits.
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Jaclyn
4 months ago
A) To prescribe the accounting and disclosure for employee benefits
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Nu
5 months ago
I agree with Eura. It's important to have clear guidelines for accounting and disclosure of employee benefits.
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Eura
5 months ago
I think the main objective of IAS 19 is to prescribe the accounting and disclosure for employee benefits.
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