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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:
Discount Rate for Actuarial Valuations of Employee Benefits (September 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:
Discount Rate for Actuarial Valuations of Employee Benefits (June 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:
Discount Rate for Actuarial Valuations of Employee Benefits (March 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
Analysis of Salary Growth Rate assumption adopted by NSE 50 Companies
Salary growth rate and discount rate are the two most important assumptions adopted while performing actuarial valuation of salary based employee benefit schemes such as gratuity, earned leaves, pensions, etc.
Past Service Cost – AS (AS15) vs. IFRS (IAS19) and IND AS19 vs. US GAAP (ASC715)
When performing an actuarial valuation of employee benefit scheme (such as gratuity valuation), we perform movement analysis of the liability i.e. reconcile opening PVO (Present Value of Obligation) to the closing PVO.
Actuarial Practice Standard (27) Employee Benefits issued by Institute of Actuaries of India
Financial reporting in India underwent a transformation owing to the adoption of Indian Accounting Standards (Ind AS) that are converged with IFRSs.