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 an Actuarial Consultant? The term Actuarial Consultant suggests a monetary expert who prompts clients on speculation, protection, and benefits-related choices utilizing different estimations. The consultant applies a broad utilization of insights, emergency courses of action, and a lot
Continue ReadingGratuity 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 to take place within 12 months after the end of the period during
Continue ReadingAn 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 here charge and cursed investor for the service offered by an advisor who is
Continue ReadingEmployment benefit-means and insurance leaves or retirement benefits that an employer make available to an employee employment benefit mean all benefit provided or meet available to the employee by an employer including education healthcare insurance leave and retirement benefit as
Continue ReadingIAS19 – The Indian accounting standard IAS19 prescribes accounting and is closer to employment benefit which requires recognition of liability by an entity when an employee provides service for employee benefit to be paid in the future and recognition of
Continue ReadingIFRS 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 company and consultancy help in deriving the fair value or market value
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
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