Examlex
Define the following terms:
Termination Benefits
Payments or other benefits provided to employees as a result of ending their employment before the normal retirement date.
Post-Employment Benefits
Benefits, other than pensions, that a company provides to its retired employees, such as life insurance and medical plans.
Compensated Absences
Employee benefits that provide pay for holidays, sick leave, and other forms of absence from service that are compensated by the employer.
AASB 119
The Australian Accounting Standards Board standard which outlines the accounting requirements for employee benefits, including wages, salaries, and pension plans.
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