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WorldatWork T7 Exam With Confidence Using Practice Dumps

Exam Code:
T7
Exam Name:
International Financial Reporting Standards for Compensation Professionals Exam
Vendor:
Questions:
89
Last Updated:
Nov 21, 2024
Exam Status:
Stable
WorldatWork T7

T7: Certified Compensation Professional CCP Exam 2024 Study Guide Pdf and Test Engine

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International Financial Reporting Standards for Compensation Professionals Exam Questions and Answers

Question 1

To estimate how much the employees have earned for their work in the current and prior periods in order to attribute the benefit to the periods of service and to incorporate estimates about demographics and financial variables into calculations, a company must utilize what method?

Options:

A.

Re-measurement method

B.

Fair value method

C.

Net present value method

D.

Projected unit credit method

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Question 2

IAS 19 classifies employee benefits into four main categories. Which of the following best represent those categories?

Options:

A.

Wages, short-term benefits, long-term benefits, termination benefits

B.

Wages, profit-sharing, bonuses, non-monetary bonuses

C.

Short-term benefits, post-employment benefits, long-term benefits, termination benefits

D.

Wages, short-term benefits, bonuses, termination benefits

Question 3

A US-based company reports information about pending lawsuits in the notes to its financial statements. This is an example of which basic principle of accounting?

Options:

A.

Full disclosure

B.

Expense recognition

C.

Going concern

D.

Constraints