Knowledge Centre
Discount Rate for Actuarial Valuations of Employee Benefits (September 2019)
The discount rate used in actuarial valuations of employee benefit plans such as gratuity, pension, earned leave etc. is determined by reference to market yields at the balance sheet date on government bonds. Para 83 of Ind AS19 reads as under:
Discount Rate for Actuarial Valuations of Employee Benefits (June 2019)
The discount rate used in actuarial valuations of employee benefit plans such as gratuity, pension, earned leave etc. is determined by reference to market yields at the balance sheet date on government bonds. Para 83 of Ind AS19 reads as under:
Using wind up liability to validate actuarially determined liability
We often come across clients (and auditors) who want to understand how to validate the high-level movement in the actuarial liabilities during the inter-valuation period or how to perform high level checks on the overall size of the liability to ensure they understand the liability and its drivers.
Discount Rate for Actuarial Valuations of Employee Benefits (March 2019)
The discount rate used in actuarial valuations of employee benefit plans such as gratuity, pension, earned leave etc. is determined by reference to market yields at the balance sheet date on government bonds. Para 83 of Ind AS19 reads as under:
Analysis of Salary Growth Rate assumption adopted by NSE 50 Companies (FY17 and FY18)
Salary growth rate is one of the most important assumptions made while performing actuarial valuation of salary based employee benefit schemes such as gratuity, earned leaves, pensions etc.
Discount Rate for Actuarial Valuations as per AS15 / IAS 19 / Ind AS 19 as at December 2018
The discount rate used in actuarial valuations of employee benefit plans such as gratuity, pension, earned leave etc. is determined by reference to market yields at the balance sheet date on government bonds. Para 78 of AS15 reads as under:
Key Considerations in EOSB Valuations
Actuarial valuation of employee benefits is not just about one figure that needs to be booked in accounts. It is also about understanding and managing the liability and about mandated detailed disclosures in financial statements.
Accounting for KSA End of Service Benefits
The International Accounting Standards Board (IASB) intends to achieve the vision of one global accounting standard. Adhering to this, the Saudi Organization for Certified Public Accountants (SOCPA), which is the key Authority