Asked by
Denzel Yakam
on Nov 14, 2024
Verified
Post-retirement benefits consist of payments by employers to retired employees for health care life insurance and pensions.
Post-retirement Benefits
Financial benefits, such as pensions and healthcare, provided to employees after they retire from the company.
Retired Employees
Individuals who have concluded their professional careers and are no longer working, often receiving pensions or retirement benefits.
- Understand the significance of internal controls in payroll and the effects of post-retirement benefits on financial statements.
Verified Answer
CP
Learning Objectives
- Understand the significance of internal controls in payroll and the effects of post-retirement benefits on financial statements.
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