2024-03-29 10:30
Sick leave is a cornerstone of employee well-being. It grants employees time to recover from illness or injury without financial worry. But for businesses, managing sick leave effectively ca… Read More
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Why Is Actuarial Valuation Required? Blog
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Actuarial Valuation is an analysis performed by an actuary that compares the assets and liabilities of a pension plan. Actuarial valuations are necessary to assess the long term sustainability of a defined pension plan and can serve as a decision making tool for plan sponsors.
Actuarial Valuation is required at the end of accounting period for the purpose of preparation of financial statements. Valuation required by all enterprises, if AS15 or Ind 19 is applicable, whether fully or partially.
2024-03-29 10:24
Actuarial valuation relies on financial assumptions, which are crucial for accurate financial planning. These assumptions include variables such as mortality rates, interest rates, and expen… Read More
2024-03-29 10:18
Planning for the future is crucial for financial stability. Actuarial valuation plays a vital role in this planning, especially concerning leave availing strategies. Understanding how actuar… Read More
2024-03-29 10:12
Organizations offer leave encashment policy as an employee benefit. This policy allows employees to convert their unused vacation or sick leave into cash. Employees can convert their leave b… Read More
2024-03-29 10:07
The Payment of Gratuity Act, 1972 (the Act) serves as a foundation for employee gratuity in India. However, determining eligibility for employees with service exceeding four years but fallin… Read More
2024-02-26 07:55
In actuarial valuation, determining the duration of liability for setting discount rates is important. It helps in accurate financial forecasting and risk management. Organizations need to u… Read More
2024-02-26 07:51
Paid leave keeps employees happy, but it also comes with a cost. How much? Actuarial valuation unlocks the answer.
Leave schemes are an important part of the overall employee compen… Read More
2024-02-26 07:47
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… Read More
2024-02-26 07:43
AS15R, also known as Accounting Standard 15 Revised, significantly impacts how organizations value gratuity liabilities. This accounting standard sets guidelines for the measurement and disc… Read More
2024-02-26 07:37
Actuarial valuation plays a vital role in assessing the financial implications of various employee benefits, including leave policies. These policies encompass different types, such as annua… Read More
2024-01-12 18:47
Every employee saves their paid leave days to encash them when they retire or resign from a company. It’s a common practice. According to Indian labour laws, each employee can take a s… Read More
2024-01-12 18:39
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 f… Read More
2024-01-02 06:45
Actuarial valuation for gratuity is not just a numerical exercise; it’s a strategic compass that helps employers in overcoming the complexities of employee benefits. While not always m… Read More
2024-01-02 06:39
As we approach the close of 2023, the spotlight falls on the pivotal realm of employment benefits, particularly gratuity. The freshly introduced rules for gratuity valuation in 2023 carry pr… Read More
2024-01-02 06:32
Gratuity, a nuanced component of employee compensation, plays a vital role in recognizing and appreciating an individual’s dedication to an organization. Here, Mithras Consultants has… Read More
2024-01-02 06:20
Gratuity is a crucial component in employee compensation. It’s a form of appreciation for the service rendered, typically paid at retirement or after a long period of employment. Under… Read More
2023-08-24 13:19
Employee retirement and departure is often tinged with both excitement and nostalgia. It necessitates a careful consideration of the financial aspects that accompany such farewells. The conc… Read More
2023-08-24 13:15
Financial planning is not just a phrase, it’s a lot more than that. Individuals encounter a multitude of decisions that can shape their own future and the future of their loved ones. A… Read More
2023-08-24 13:09
Gratuity, a crucial component of employee benefits, holds a significant place in ensuring the financial security of employees upon their retirement or resignation. However, gratuity valuatio… Read More
2023-08-24 13:04
The world of accounting is dynamic, with constant updates and revisions to standards to ensure transparency and accuracy in financial reporting. One such standard that has significant implic… Read More
2023-08-24 13:01
In the ever-evolving landscape of accounting standards, IND AS 19 emerges as a significant player, especially when it comes to the realm of employee benefits accounting. This standard, formu… Read More
2023-07-27 11:43
When we perform actuarial valuation of defined benefit obligation such as gratuity and leave encashment, a movement of liabilities and plan assets is analyzed over a period of valuation. One… Read More
2023-07-27 11:40
Employee gratuity programs are essential for attracting and retaining talent while ensuring financial security. Actuarial insights offer valuable guidance to optimize these programs, strikin… Read More
2023-07-27 11:34
Actuarial valuation is commonly associated with pensions and retirement planning. However, its applications go far beyond retirement benefits. Employers can utilize the benefits of actuarial… Read More
2023-07-27 11:24
Gratuity is an important employee benefit that provides financial security during retirement or upon leaving a job after completing a certain period of service. However, understanding the va… Read More
2023-07-27 11:24
Gratuity is an important employee benefit that provides financial security during retirement or upon leaving a job after completing a certain period of service. However, understanding the va… Read More
2023-06-21 12:33
In today’s dynamic and unpredictable business environment, financial planning has become crucial for the sustainability and success of any organization. Among the various tools and str… Read More
2023-06-20 14:04
We are living in a complex and interconnected world. Social inequality remains a pressing issue that continues to hinder the progress and well-being of individuals and societies. One area wh… Read More
2023-06-20 14:01
The landscape of retirement is undergoing significant transformations, creating the need for accurate actuarial valuation to ensure sustainable retirement solutions for organizations. This a… Read More
2023-06-20 13:54
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… Read More
2023-06-20 13:50
Gratuity is a significant component of employee retirement benefits, providing financial security and recognition for years of service. Employers are responsible for ensuring the availabilit… Read More
2023-06-03 09:59
Gratuity is a crucial employee benefit in India, and accurate valuation of gratuity liabilities is essential for organizations to ensure adequate provisions and financial planning. This comp… Read More
2023-02-07 05:41
According to this Policy, the Employer is liable for clearing the employee’s dues for the services supplied in cash or adjusting these in the leaves quota for the following calendar ye… Read More
2023-02-02 05:50
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 pensio… Read More
2023-02-02 05:28
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 cri… Read More
2023-02-02 05:28
The Goal of the Indian Accounting Standard (Ind AS) 19 is to establish accounting and disclosure requirements for employee perks. Accounting according to Ind AS 19 criteria comprises both re… Read More
2022-12-10 12:32
Actuarial Valuation Companies – On the off chance that you’re searching for a rundown of actuarial counseling firms, you’ve come to the ideal locations. This rundown will b… Read More
2022-12-08 06:39
What Is an Actuarial Consultant?
The term Actuarial Consultant suggests a monetary expert who prompts clients on speculation, protection, and benefits-related choices utilizing different… Read More
2022-10-29 11:40
Actuarial Valuation in Life Insurance – The total amount of policyholder premiums paid and set aside for statutory reserves is the valuation premium paid by the life insurance business… Read More
2022-10-29 10:08
Actuarial Valuation Methods – According to the Mithras consultancy, the Actuarial Valuation is an analysis valuation that is required to determine the long-term viability of a defined… Read More
2022-10-29 09:50
Actuarial Valuation Calculator – A type of accounting known as actuarial valuation uses the discount amount applicability parameter to predict four cable liabilities that drive from we… Read More
2022-10-03 09:32
IND AS 19 Employee Benefits – India Standard requires an entity to recognize a liability when an employee has provided service in exchange for employee benefits to be paid in the futur… Read More
2022-10-03 09:13
Gratuity AS15 R, short-term employee benefits consist of wages salaries and social security contribution short-term paid absence such as speed annual leave where such absences are expected t… Read More
2022-08-30 08:37
A Insurance Consulting professional who provide specialise guidance and advise for investment in various insurance scheme isn’t insurance consultant there is a state you later here cha… Read More
2022-08-30 08:37
An Insurance Consulting professional who provides specialized guidance and advice for investment in various insurance schemes isn’t an insurance consultant there is a state you later h… Read More
2022-08-30 08:18
Employment benefit-means and insurance leaves or retirement benefits which an employer make available to an employee employment benefit means all benefit provided or meet available to employ… Read More
2022-08-30 08:18
Employment benefit-means and insurance leaves or retirement benefits which an employer make available to an employee employment benefit means all benefit provided or meet available to employ… Read More
2022-08-30 07:51
IAS19 – The Indian accounting standard IAS19 to prescribe accounting and is closer for employment benefit which require recognition of liability by an entity when an employee provide s… Read More
2022-08-30 07:50
IFRS Valuation Services in which the consultancy rely on the Madras expertise in financial computation for wide range of valuation for accounting and reporting purpose in particular the comp… Read More
2022-07-06 10:51
What is Warranty Valuation?
Warranty Valuation – It is an associated cost with fixing, replacing, or compensating a customer for any product flaws. In other phrases, if an item sold… Read More
2022-06-27 07:47
Applicability of Actuarial Valuation
There are several causes why such an actuarial valuation might well be required in the area of workers’ compensation. Preparing year-end banking… Read More
2022-06-27 07:32
Superannuation Fund : What is it?
According to the Cambridge Dictionary, “superannuation” refers to “cash which individuals spend whenever someone should be earning, suc… Read More
2022-06-27 07:32
Superannuation Fund: What is it?
According to the Cambridge Dictionary, “superannuation” refers to “cash which individuals spend whenever someone should be earning, such… Read More
2022-06-23 10:52
Funding 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 provid… Read More
2022-06-21 10:44
Accrued Liability – The phrase “accrued liability” focuses on the business cost which has been racked up and has not yet been compensated for. These are expenses for produc… Read More
2022-06-21 10:12
ESOP 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 s… Read More
2022-06-21 10:03
Fair 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:
Pr… Read More
2022-06-21 07:03
Accrued Expense Journal Entry – An accrued expense journal entry is formed by tracking expenditures incurred by a firm but not recompensed in that accounting cycle. The expenditure deb… Read More
2022-06-20 12:06
Accrued Expenses also widely recognized as an accrued liability, is indeed a financial reporting term that refers to a cost that is documented on the books before it is compensated. The expe… Read More
2022-06-20 11:54
Accounting valuation is the appraisal of a firm’s assets for financial reporting. When preparing a financial statement, investments run by a business and liabilities accumulated within… Read More
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