Instruction: Please put a check mark on the space provided that will suit your answer.

General Questions YES NO

1. Does your company reports your employee benefit plan in accordance with IAS 19?
2. Do you consider different factors in coming up with an employee benefit plan?
3. Does your defined benefit plan vary to each employee?
4. Does your company follow the employee benefits given to employees with respect to
Labor Code of the Philippines?
Short-Term Benefit Plans
1. Does your short-term benefit plan include wages, contributions, short-term
compensated absences, profit-sharing, bonus, non-monetary benefits, etc.?
2. Does the entity measures the short-term benefit plan in an undiscounted basis?
3. Do you compensate your employees for absences on various reasons such as
vacation, maternity, sick, etc.?
4. Do these compensated absences if not used during a calendar year can be used for
future periods?
5. Do you use last-in, first out approach (LIFO) in measuring the liability for
compensated absences at year-end?
Profit-Sharing Plan and Bonus
1. Do you have a job performance evaluation as a basis of your bonus grants to your
employees?
2. Do you provide a profit-sharing plan to those employees who have stayed in your
company for long years?
3. Do you measure bonus same as your accounting treatment for wages?
4. Do you use estimates in determining the amount of profit-sharing plan intended for
the employees?
5. Does your profit-sharing plan and bonus applicable within 12 months after the
employee rendered service?
Post-employment Benefits
1. Do you have post-employment benefit plans in your company such as retirement
benefits, post-employment life insurance or post-employment medical insurance?
2. Does your company retain the fund for the retirement benefits of your employees?
3. Do you have defined contribution plans in your company?
4. Do you disclose the amount recognized as an expense for defined contribution
plans?
5. Do you outsource an agency to fund your post benefit plans?