PAS 26

Question 1

PAS 26 is applied to which of the following?

A. The determination by employers of the cost of providing
retirement benefits to employees.

B. The preparation of financial statements of a retirement benefit
plan only when it is held by a trustee.

C. The reporting of the individual benefits rights of participants to
either a defined contribution plan or defined benefit plan.

D. The preparation of financial statements of a retirement benefit
plan, whether funded or unfunded

Question 2

What is the main difference between the financial statements of a
defined contribution plan and defined benefit plan?
A. The financial statements of a defined contribution plan include
statement of net assets available for benefits.

B. The financial statements of a defined benefit plan include a
statement of changes in net assets available for benefits.

C. The financial statements of a defined contribution plan show the
information on the actuarial present value of promised retirement
benefits.

D. The financial statements of a defined benefit plan show
information on the actuarial present value of promised retirement
benefits