Free Worldatwork T7 Exam Actual Questions

The questions for T7 were last updated On Dec 17, 2024

Question No. 1

Which of the following is a benefit of moving toward a single set of standards?

Show Answer Hide Answer
Correct Answer: C

Question No. 2

What is the timing of revenue recognition?

Show Answer Hide Answer
Correct Answer: A

Question No. 3

When a company consumes the economic benefit arising from service provided by an employee in exchange for employee benefits, what is it considered in accounting terms?

Show Answer Hide Answer
Correct Answer: B

Question No. 4

In defined contribution plans when the contributions are not expected to be settled wholly before twelve months after the end of the reporting period, what must occur?

Show Answer Hide Answer
Correct Answer: B

Question No. 5

An offer of redundancy is an example of which kind of employee benefits?

Show Answer Hide Answer
Correct Answer: C