Hi there. I need help with the following questions. Answers must be hundred words or more.

QUESTION 1:

When an organisation recognises a provision and related expense for annual leave, and a provision for long-service leave for its employees, the risk to employees that they will not be paid these amounts that have been provided is effectively zero. Is this true or false? Why?

QUESTION 2:

According to AASB 119, how should an employer's obligation for employee benefits be measured?

QUESTION 3:

Some employers will pay out employees for any unused sick-leave entitlements if they leave the organisation, whereas in other organisations employees forfeit this entitlement when they leave.

REQUIRED:

Explain how these different types of sick-leave entitlements are treated for accounting purposes.