Worldatwork Exam T7 Topic 3 Question 104 Discussion

Actual exam question for Worldatwork's T7 exam

Question #: 104
Topic #: 3

[All T7 Questions]

Why is accounting for short-term employee benefits generally a straightforward process?

ABecause no actuarial assumptions are required to measure the obligation or cost and there is no possibility of any actuarial gain or loss

BBecause short-term employee benefit obligations are measured on a discounted basis

CBecause short-term employee benefits are not provided in exchange for the service of the employee

DBecause the employer is required to incorporate actuarial assumptions into measurement of the obligation and the expenses

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Suggested Answer: C

by Kiley at Dec 08, 2024, 02:43 PM

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4 days ago

I think accounting for short-term employee benefits is straightforward because no actuarial assumptions are required.

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