Actuarial valuation of leave encashment is essential for businesses to accurately assess and record employee leave liabilities. In India, AS 15 (Revised) and IND AS 19 are two primary standards guiding this valuation. AS 15 R applies to most Indian
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The International Financial Reporting Standards is a prevalent global framework that has changed the landscape of finances worldwide. The Indian alignment of this standard goes by the name of Indian Accounting Standards or the IND AS. The IND AS 19
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For businesses in India, accounting for employee benefits is a crucial aspect. These benefits, such as gratuity and pensions, come at a cost, impacting your company’s profitability. But how are these expenses recognized in your financial statements? Here, we explore
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Businesses of all types and sizes need to know the rules for actuarial valuation of gratuity. This is especially necessary for the most common benefit in India. They need to understand the regulatory framework for the gratuity scheme. Today, we
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Gratuity Valuation is a crucial aspect of financial planning for businesses. It represents the future liability a company incurs towards its employees for their service over the years. Now, enter IND AS 19. This accounting standard, in line with the
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AS15R, also known as Accounting Standard 15 Revised, significantly impacts how organizations value gratuity liabilities. This accounting standard sets guidelines for the measurement and disclosure of employee benefits, including gratuity. Under AS15R, companies must conduct actuarial valuations to accurately assess
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Section 129 of the Companies Act 2013 requires companies to prepare Financial Statements each year. The objective of the Indian Accounting Standards IND AS 19 is to enhance transparency in financial transactions, aligning with accounting standards. It aims to establish
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