IAS 19 Requires an Entity to Record a Liability for Long

question 17

Multiple Choice

IAS 19 requires an entity to record a liability for long service leave:

• A) once the employee becomes presently entitled to the leave
• B) as the employee provides service to the entity
• C) when the leave is taken by the employee
• D) in a consistent manner from year to year

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Definitions:

Learning Management System

A software application for the administration, documentation, tracking, reporting, and delivery of educational courses or training programs.

Significant Problem

An issue or challenge of considerable importance or impact that warrants attention and resolution.

Instructional Design Process

A systematic development of educational and training programs in an effective and reliable manner that addresses the needs of learners and helps them achieve specific learning objectives.