For an employee, the cornerstone of their savings is none other than the pension funds. But in this context, one aspect which plays a critical role is none other than the actuarial valuation. It is with the help of actuarial
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The landscape of retirement is undergoing significant transformations, creating the need for accurate actuarial valuation to ensure sustainable retirement solutions for organizations. This article explores the changing dynamics of retirement and its implications for actuarial valuation, with a specific focus
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Actuarial valuation is a powerful tool that enables organizations to assess and manage their financial obligations and risks effectively. It plays a crucial role in various areas, including employee benefits, insurance, and pension planning. Here, we will delve into the
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Leave Encashment Valuation Every salaried person, as per labor law, is entitled to a minimum number of paid leave every year, however, it is not necessary that an individual employee utilize leave balance at the time of retirement or resignation
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The Actuarial Valuation of Gratuity is a method of valuing the value of an employee’s pension liability. It is used to determine how much money employers will have to pay out in pensions. The Actuary determines how much an employer
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What is IND AS 19? The Goal of the Indian Accounting Standard Ind AS 19 is to establish accounting and disclosure requirements for employee Benefits. Accounting according to Ind AS 19 criteria comprises both recognition and measurement. Furthermore, the accounting
Continue ReadingWhat is a Warranty? A Warranty is a form of guarantee given by a manufacturer or other similar entity on the condition of their product. It also refers to the conditions and circumstances under which repairs or exchanges will be
Continue ReadingFunding a Gratuity Scheme Gratuity is a portion of such a worker’s remuneration that is paid by his or her company in exchange for such tasks or services that the worker has provided to the organization. Funding a Gratuity Scheme.
Continue ReadingESOP Valuation – It’s a short position, which ensures that companies in an employee share scheme (ESOP) have no obligations as well as the ability to buy the equity assets at a specified price on a pre-determined date. This is
Continue ReadingFair market value is the estimate where a resource may sell on the market (FMV). Fair market value has come to signify the cost of assets under the following general set of conditions: Basic knowledge about FMV: Understanding and learning
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