Skip to content

CMA Intermediate · Corporate Accounting and Auditing · Employee Benefits (Ind AS 19)

Under Ind AS 19, which of the following is classified as an 'other long-term employee benefit' when it is not expected to be settled wholly before twelve months after the end of the annual reporting period in which the employees render the related service?

Sabbatical leave is an other long-term employee benefit under Ind AS 19, as a long-term paid absence not expected to be settled wholly within twelve months after the year-end. Retirement lump sums and post-employment medical care are post-employment benefits, and current wages are short-term benefits.

  1. ALump sum payment on retirement
  2. BPost-employment medical care
  3. CSabbatical leaveCorrect
  4. DWages and salaries for the current month

Explanation

Ind AS 19 lists long-term paid absences such as long-service or sabbatical leave as other long-term employee benefits when not expected to be settled wholly within twelve months after the reporting period. Retirement lump sums and post-employment medical care are post-employment benefits, and current wages are short-term benefits.

Did you get it right without looking?

One question tells you little. A timed set on Employee Benefits (Ind AS 19) shows your real accuracy, how long you take and where you lose marks.

Practise Employee Benefits (Ind AS 19)Free diagnostic mock

More Employee Benefits (Ind AS 19) questions