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Questions and Answers
Which one of the following is a requirement for recognizing a provision?
What is the basis for determining the amount recognized in a provision?
What is an example of a cost reduction that can be included in a provision?
Which actuarial technique is used to determine the deficit or surplus of a defined benefit plan?
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What is the purpose of discounting the benefit in a defined benefit plan?
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Which of the following is an example of a long-term employee benefit?
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When should an entity recognize a liability and expense for termination benefits?
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Which type of post-employment benefit plan is determined by the amount of contributions paid by an entity to a post-employment benefit plan or to an insurance company?
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When an employee has rendered service to an entity during a period, the entity shall recognize the contribution payable to a defined contribution plan in exchange for that service.
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Under which type of post-employment benefit plan does the entity's obligation include providing agreed benefits to current and former employees?
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What type of risk falls on the entity under defined benefit plans?
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According to IAS 37, when should a provision be reversed?
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When should a provision be used?
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When is a contract considered onerous?
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What should be recognized before establishing a separate provision for an onerous contract?
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According to Italian GAAP, when should a provision be accrued?
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What is the value of the provision according to Italian law?
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Why is there a difference in the accounting treatment of provisions between Italian GAAP and other legislations?
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Which of the following is an example of a provision being recognized for the best estimate of the costs of clean-up?
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When is a provision recognized for a present obligation as a result of a past obligating event?
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In which situation is a provision not recognized and the matter disclosed as a contingent liability?
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What is the expected value of the cost of repairs for warranty obligations?
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According to IAS 19, what are short-term employee benefits?
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According to OIC 31, how is the occurrence of a probable event defined?
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Which type of employee benefits are payable after the completion of employment?
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What is the main difference between IAS 37 and OIC 31 regarding the actualization of the amount when a provision is relevant?
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