A Defined Benefit Superannuation Plan Is Required to Provide Additional

question 22

Multiple Choice

A defined benefit superannuation plan is required to provide additional disclosures in the actuarial report most recently prepared for the plan.These disclosures include:

• A) the opinion of the actuary as to the financial condition of the plan at balance date.
• B) the trustee's opinion of the qualification of the actuary.
• C) the fees paid to the actuary.
• D) the trustee's opinion of the qualification of the actuary and the fees paid to the actuary.

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Definitions:

Sustainable Growth Rate

The maximum rate at which a company can grow its revenues and profits without needing to increase its financial leverage.

Sustainable Growth Rate

The maximum rate at which a company can grow its revenues and earnings without resorting to external financing.

Short Term Forecasting

The practice of predicting the near-future outcomes of various variables such as sales or market trends over a short period, usually less than one year.

Top-Down Planning

A strategic planning process that begins at the highest level of the organization, setting objectives and goals that are then broken down into smaller, departmental or divisional plans.