Understanding Australian Accounting Standards 3E - Loftus - SMch11_sm_loftus

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1、SolutionmanualtoaccompanyUnderstandingAustralianAccountingStandardsSolutionsManualtoaccompanyUnderstandingAustralianAccountingStandardsJaniceLoftus,KenLeo,RuthPicker,VictoriaWise,KerryClarkByJaniceLoftusJohnWiley&SonsAustralia,Ltd201311.23©JohnWileyandSonsAustralia,Ltd2013Solut

2、ionmanualtoaccompanyUnderstandingAustralianAccountingStandardsChapter11–EmployeebenefitsDiscussionquestions1.Whatisapaidabsence?Provideanexample.Refertosection11.4.4.Paidabsencereferstoanemployeeentitlementtobepaidduringcertainabsences.Examplesincludesickleaveandannualleave.2.W

3、hatisthedifferencebetweenaccumulatingandnon-accumulatingsickleave?Howdoestherecognitionofaccumulatingsickleavedifferfromtherecognitionofnon-accumulatingsickleave?Refertosection11.4.4.Accumulatingsickleavemaybecarriedforwardtoafutureperiodiftheemployeehasnottakentheleaveinthecur

4、rentperiod.Non-accumulatingsickleavemaynotbecarriedforwardtoafutureperiod.Aliabilitymustberecognisedforaccumulatingsickleavewhentheemployeerendersservicesthatincreasetheentitlement.Theliabilityismeasuredastheamountthattheentityexpectstopay.Iftheleaveisnon-vesting,theamountrecog

5、nisedisaffectedbytheprobabilitythattheleavewillbetaken.3.Whatisthedifferencebetweenvestingandnon-vestingsickleave?Howdoestherecognitionofvestingsickleavedifferfromtherecognitionofnon-vestingsickleave?Refertosection11.4.4.Ifsickleaveisvesting,theemployeeisentitledtocashsettlemen

6、tforunusedleave.Ifsickleaveisnon-vesting,theemployeehasnoentitlementtocashsettlementofunusedleave.Theemployerrecognisesaliabilityforaccumulatingsickleave,measuredastheundiscountedamountexpectedtobepaid.Theentitywillhavegoodreasontoexpectthatallvestedaccumulatingsickleavewillbep

7、aid.However,ifsickleaveisnotvesting,aliabilityisrecognisedforproportionofaccumulatedsickleavethattheentityexpectstobetakenbyitsemployees.4.Explainhowadefinedcontributionsuperannuationplandiffersfromadefinedbenefitsuperannuationplan.Refertosection11.5.Underadefinedcontributionsu

8、perannuationplantheemployerpaysfixedcontributionsintoa