End-of-Service Benefit
November 18, 2024

Actuarial Valuation of End-of-Service Benefit: An In-Depth Guide for Businesses

Actuarial valuation of end-of-service benefits is essential for businesses managing employee obligations. As companies grow, many times, they face obligations related to retirement benefits, gratuity payments, and other end-of-service benefits.  Actuarial valuation plays an important role in determining the exact

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AS 15 R
November 18, 2024

Difference Between AS 15 R and IND AS 19 in Leave Encashment Actuarial Valuation

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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Actuarial Valuation
November 18, 2024

Consideration of Key Assumptions in Actuarial Valuation of Gratuity, End of Service Benefit, and Leave Encashment

Actuarial valuations play a crucial role in managing employee benefits like gratuity, end of service benefit, and leave encashment. Organizations need to understand the financial implications tied to these obligations. When companies fail to assess key actuarial assumptions correctly, they

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Pension
September 16, 2024

Key Assumptions in Pension Actuarial Valuation: An Overview

When planning for the future, pensions are essential for ensuring financial security during retirement. Understanding how pensions are valued is essential, particularly the role of actuarial assumptions. These assumptions impact the financial health of pension plans and affect both sponsors

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Actuarial Assumptions
September 16, 2024

Deciphering the Impact: How Actuarial Assumptions Influence Gratuity Valuation

When it comes to retirement planning, understanding how your gratuity is calculated is crucial. Actuarial assumptions play a significant role in determining the valuation of gratuity funds. These assumptions can seem complex, but they directly affect your future financial stability. 

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Sick Leave Actuarial Valuation
September 16, 2024

The Basics of Sick Leave Actuarial Valuation and Its Importance

When running an organization, you must understand the financial implications of sick leave within a company is important. This is where sick leave actuarial valuation comes in. It offers a systematic approach to managing and forecasting the costs associated with

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Actuarial Valuation in Long Service Awards
September 16, 2024

The Role of Actuarial Valuation in Long Service Awards for Accuracy and Fairness

Long service awards recognize and reward employee loyalty, but their success hinges on precise and fair implementation. Actuarial valuation emerges as an important tool in ensuring these awards are distributed equitably and sustainably.  Let us explore how actuarial valuation underpins

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IND AS 19
July 27, 2024

Adaptability of IND AS 19

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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Analysis in Actuarial valuation
July 27, 2024

Sensitivity Analysis in Actuarial valuation

The concept of actuarial valuation is indeed quite popular when it comes to the insurance and pension industry. But did you know that even sensitivity analysis is indeed quite an important concept?  Sensitivity analysis is a vital tool in actuarial

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Actuarial Valuation Supports Financial Stability in Enterprises
June 7, 2024

How Actuarial Valuation Supports Financial Stability in Enterprises

Financial stability is crucial for businesses. One way to achieve this is through actuarial valuation. This process helps assess risks and predict future financial outcomes. Here, we will explore how actuarial valuation supports financial stability in enterprises. What is Actuarial

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