GAAP (Generally Accepted Accounting Principles) (Generally Accepted Accounting Principles) Financial statements are essential for managing the health of your business, regardless of its size or type. From disclosures to balance sheets, as a business owner, you must take a held-to-account
Continue ReadingESOP (Employee Stock Ownership Plan) I. Compensation At Fair Market Value (FMV) for Sellers FMV is defined by the Internal Revenue Service as the premium a company will indeed sell for on the marketplace. “It is the price agreed upon between
Continue ReadingGratuity Accounting Standard 15 GRATUITY is a type of employee benefit plan known as a Defined Benefits Obligation (DBO) Plan. Since The term ‘gratuity’ is derived from the word gratitude, and it refers to a thank you expressed by the
Continue ReadingAS15 R (Accounting Standard 15 Revised) AS15 R (i) short-term employee benefits such as wages; (ii) post-employment benefits such as gratuity; (iii) other long-term employee benefits such as sabbatical leave; and (iv) termination benefits. AS 15 was issued by ICAI
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What is Gratuity? When you work with dedication for a long period for an organization, you want your organization to repay you in some form. Gratuity is one method by which corporations recognize and reward the work and dedication of
Continue ReadingGet Detailed Valuation Services by Mithras Consultation Get Detailed Valuation Services by Mithras Consultation During the pandemic time there were many people who lost their jobs and some of them are still struggling with their professional life. Many of the
Continue ReadingEmployee Benefits Calculation by Mithras Consultancy Employee Benefits Calculation – Over the years, the most important factors for the searching job in companies are employee benefits, the second is salary. As per the survey, the high cost of healthcare and
Continue ReadingActuarial Valuation of Gratuity What is Gratuity? Actuarial Report for Gratuity – The valuation of leave encashment liability is combined with the valuation of gratuity liability. Actuaries have applied the same principles and technologies to the valuation of leave encashment
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