Financial statements also need figures attributable to Employee Benefits. Accounting and Disclosure of Employee Benefits are prescribed in Accounting Standards. Most relevant Accounting Standards are:-
Accounting Standards -15 (Revised 2005)
Ind AS-19
IAS-19 (Revised 2011)
Accounting under USGAAP
Accounting for Employee Benefits, which are in the nature of Defined Benefits are generally linked with Terminal Salary of employees, requires Actuarial Services. Very common types of Employee Benefits which are in the nature of Defined Benefits in the Indian Context are :-
Gratuity Benefits
Leave Encashment Benefits
Pension Benefits
Post Retirement Medical Benefits
Long Service Award Incentives
Etc. Etc………………………..
As already mentioned here-to-fore Actuarial Inputs are required if accounting for above types of benefits (Defined Benefits) is to be made in compliance of Accounting Standard/Standards.
We have expertise and rich experience in providing actuarial services for the above purpose. Our experience in this field extends over a period of around 15 Years. Our clientele is amongst Indian Companies both in the Public & Private Sectors, Multinationals (MNC’S), Manufacturing Companies, Service Companies, BPO’S, KPO’S, Software/Technology Companies ,Universities, IIT’s , Schools, Banks, Hospitals, Electricity Companies, etc. etc.
For more details visit our website at www dot mlsodhiactuary dot com
In case you require our services please contact us at the following Numbers:-
Mr. Tikaram Chauhdary - 9211637063 (Mob)