Superannuation Fund: What is it? According to the Cambridge Dictionary, “superannuation” refers to “cash which individuals spend whenever someone should be earning, such that they’ll get compensation whenever participants cease functioning, once they become old.” In other terms, annuities are
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 ReadingAccrued 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 products and services that a business already has obtained but will have
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
Continue ReadingAccrued 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 debiting and the accumulated liabilities credit balance. When a company clears up
Continue ReadingAccrued 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 expense is entered into the accounting cycle in which
Continue ReadingAccounting 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 a certain duration of time should be properly priced and included in the cash
Continue ReadingAccrued Assets or Revenue – Accrued revenue is the type of income tracked by accruals. Accrued revenue is recognized when a current party’s capacity to execute a binding contract is met, as described by GAAP. For example, income is recorded
Continue ReadingIntroduction: Post-retirement risk refers to a possible danger to one’s economic security after retirement. Post-retirement risks include a low income, an unexpected illness in a member of the household, and price inflation. Besides that, an increase in overall pervasiveness or
Continue Reading
