The benefits, other than termination benefits, which are payable within twelve months period from the end of the year in which the employee has provided the services are termed as:*1 pointShort-term employee benefitsTermination benefitsPost-employment benefitsOther long-term employee benefi

The benefits which are payable after the formal retirement of an employee are termed as:*1 pointShort-term employee benefitsTermination benefitsPost-employment benefitsOther long term employee benefits

Question 15Termination benefits are benefits that an employee is entitled toWhen the employer terminates his employment before the normal retirement dateWhen the employer terminates his employment after the normal retirement dateWhen the benefit is given to encourage the employee to leave the company voluntarilyAnswer :i, ii   i, iii   ii, iii  i, ii, iii

s per IAS 19, which of the measurement criteria for termination benefits is correct: 1. Termination benefits expected to be settled in the short-term will be measured like short-term employee benefits 2. Termination benefits expected to be settled in the long-term will be measured like long-term employee benefits 3. Termination benefits that are enhancements to postemployment benefits will be measured like post-employment benefits Question 8Select one: a. 1 and 3 only b. None of the above c. 2 and 3 only d. 1 and 2 only e. 1, 2 and 3

Established by the employer to provide benefits to one or more employees after the formal retirement are termed as:*1 pointPension fundTermination benefitsPost-employment benefitsPost-employment benefit plan

Question 9The following employee benefits fall under MFRS 119 except forAnswer :Short term employee benefits  Post employement benefits   Equity compensation benefits  Termination benefit