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Briefly describe the relationship of benefit obligation

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Question - IAS 19 Employee Benefits

ACTIVITY 1 - Employee benefits deals in recognition of some liabilities and expenses which by nature consists of payments to present employees and retired or separated employees of the company, this scheme is very similar to salaries and wages.

In what more ways are employee benefits similar/dissimilar to salaries and wages?

ACTIVITY 2 - In computing for the employee benefits working papers are often prepared to ease the process and a good part of these papers are computing for benefit obligation and plan assets.

Briefly describe the relationship of benefit obligation and plan assets in the working papers for employee benefits.

Reference no: EM132569697

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