Deta Delta) prepares its financial statement to see whye The financial statements for the year mond 30 September 2000 herty to be honed for issue. The following events se relevant to these financial Detapetes a defined beeft eement belts in that current and food employees. Detta receives tice bom actuaries regarding cortion vendet bates of the plan to pay benefits On 1 October 2019, the acties died that she present for of the defined benefit obligation was on the same at the bar value of the sets of the defende plan was bons 1 Odber 2019, the market yield on high quality corporate bonds was 12 Setember 20wae te average for the year was 10% During the few ended 30 September 2020. Detta made contributions of $10 million to the plan and the pion paid out benefits of 670 million to ietee members. You can use that both these payments were made on 30 September 2020 The actuaries advised that the current service cost for the year ended 30 September 2020 was 17.2 million On 31 August 2020 the rules of the plan were amended with retrospect effect considering the tough economic situation proving the country. These amendments meant that the present value of the defined benefit obligation was reducion by 5 milion from that date During the yewended 30 September 2020 M Knoff who has been the Medan due tot to his Native and New Zealand The Boardin meting of 30 September 2020 agreed to pay him 175 in compensation for the curtaiment of his pension benefits. These payments were made from the art of the benefits and excluded other benefits which were porc as per the complices The moct of these payments was to reduce the present of the defined brillation by the payments were made on 30 September 2010 On 30 September 2000 the actuel advised that the present value of the defined bendit coligation was 150 milion. On the same date, the far value of the of the defined benefit om were 54 min Delimited operates on a five-day working week. The conditions of employment Delta Limited state that each employee is entitled to 20 pod working dan Vacation per annum The employee profile and receive A salary Year and 2011 2000 Nurnber of employees at this awal salary 10 000 000 benefit plans were 354 million Delta Limited operates on a five-day working week. The conditions of employment at Delta Limited stipulate that each employee is entitled to 20 paid working days vacation per annum The employee profile and recent leave statistics are as follows: Annual Per employee on age) Year-end 30 Sept Year-end 30 Sept Forecasted Yes 2019 unused 2019 2020 days' vacation ended 30 Sep 2011 wacation days taken day action taken Number of salary employees at this annual salary 10 000 R60 000 10 14 15 Peamed Senda 2018 Additional information No employees joined or left the company for the past two years. Management has accurately forecasted the number of day vacation to be taken in the following year for several years. Salaries were increased by 20% on 1 October 2020. Ignore public holidays. Vacation leave is carried forward to the next financial year (ie, accumulating but tails away if not used by the end of the next financial year (le, non-vesting). TV REQUIRED a) Record the above transactions using Journal entries relating to the Defined Benefits Plan and accrued leave days. The accounts must show the respective statementie, SPL SFP, SCO, SCE SCF. Please note that narrations are required (12 Marta) b) Show how Delta would disclose its employee benefits costs in the SPLOCI and SFP as of 30 September 2020. ignore accounting policy notes and descriptions of the DB pension fund (8 Marts c) Calculate the amount to be accrued in respect of vocational days as of 30 September 2020 (5 Mans) Deta Delta) prepares its financial statement to see whye The financial statements for the year mond 30 September 2000 herty to be honed for issue. The following events se relevant to these financial Detapetes a defined beeft eement belts in that current and food employees. Detta receives tice bom actuaries regarding cortion vendet bates of the plan to pay benefits On 1 October 2019, the acties died that she present for of the defined benefit obligation was on the same at the bar value of the sets of the defende plan was bons 1 Odber 2019, the market yield on high quality corporate bonds was 12 Setember 20wae te average for the year was 10% During the few ended 30 September 2020. Detta made contributions of $10 million to the plan and the pion paid out benefits of 670 million to ietee members. You can use that both these payments were made on 30 September 2020 The actuaries advised that the current service cost for the year ended 30 September 2020 was 17.2 million On 31 August 2020 the rules of the plan were amended with retrospect effect considering the tough economic situation proving the country. These amendments meant that the present value of the defined benefit obligation was reducion by 5 milion from that date During the yewended 30 September 2020 M Knoff who has been the Medan due tot to his Native and New Zealand The Boardin meting of 30 September 2020 agreed to pay him 175 in compensation for the curtaiment of his pension benefits. These payments were made from the art of the benefits and excluded other benefits which were porc as per the complices The moct of these payments was to reduce the present of the defined brillation by the payments were made on 30 September 2010 On 30 September 2000 the actuel advised that the present value of the defined bendit coligation was 150 milion. On the same date, the far value of the of the defined benefit om were 54 min Delimited operates on a five-day working week. The conditions of employment Delta Limited state that each employee is entitled to 20 pod working dan Vacation per annum The employee profile and receive A salary Year and 2011 2000 Nurnber of employees at this awal salary 10 000 000 benefit plans were 354 million Delta Limited operates on a five-day working week. The conditions of employment at Delta Limited stipulate that each employee is entitled to 20 paid working days vacation per annum The employee profile and recent leave statistics are as follows: Annual Per employee on age) Year-end 30 Sept Year-end 30 Sept Forecasted Yes 2019 unused 2019 2020 days' vacation ended 30 Sep 2011 wacation days taken day action taken Number of salary employees at this annual salary 10 000 R60 000 10 14 15 Peamed Senda 2018 Additional information No employees joined or left the company for the past two years. Management has accurately forecasted the number of day vacation to be taken in the following year for several years. Salaries were increased by 20% on 1 October 2020. Ignore public holidays. Vacation leave is carried forward to the next financial year (ie, accumulating but tails away if not used by the end of the next financial year (le, non-vesting). TV REQUIRED a) Record the above transactions using Journal entries relating to the Defined Benefits Plan and accrued leave days. The accounts must show the respective statementie, SPL SFP, SCO, SCE SCF. Please note that narrations are required (12 Marta) b) Show how Delta would disclose its employee benefits costs in the SPLOCI and SFP as of 30 September 2020. ignore accounting policy notes and descriptions of the DB pension fund (8 Marts c) Calculate the amount to be accrued in respect of vocational days as of 30 September 2020 (5 Mans)