17
Jun
2024
Component of Expense recognised in Profit and loss account – AS 15 R versus IND AS 19
For businesses in India, accounting for employee benefits is a crucial aspect. These benefits, such as gratuity and pensions, come at a cost, impacting your company’s profitability. But how are these expenses recognized in your financial statements? Here, we explore …
07
Feb
2023
Leave Encashment Valuation
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 …
02
Feb
2023
Best Actuarial Valuation Consultants
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 …
02
Feb
2023
IND AS 19 | Employee Benefits
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 …
03
Oct
2022
Gratuity AS15 R
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 to take place within 12 months after the end of the period during …
06
Jul
2022
Warranty Valuation and How it Works?
What 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 …
23
Jun
2022
5 Issues to Consider for Funding a Gratuity Scheme
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 provided to the organization. Funding a Gratuity Scheme. …
21
Jun
2022
ESOP Valuation
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 specified price on a pre-determined date. This is …
21
Jun
2022
Fair Market Value (FMV)
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: Basic knowledge about FMV: Understanding and learning …
21
Jun
2022
Accrued Expense Journal Entry
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 debiting and the accumulated liabilities credit balance. When a company clears up …
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