Actuarial valuation of gratuity and actuarial valuation of leave encashment

Actuarial ActuarialValuation ValuationofofGratuity Gratuityand andActuarial Actuarialvaluation valuation ofofLeave Leaveencashment encashment At KPAC, we can do the following for you: 1. Actuarial Valuation of gratuity and actuarial valuation of leave encashment under AS15, IAS19 and other international accounting standards o

Calculating expenses and liability to be recorded in Profit and Loss and Balance Sheet

o

Assistance is data preparation (including data checks) and determining assumptions

2. Developing funding and investment strategies o Quantification and understanding of the key risk driver (factors influencing both asset and liability) and their impact on scheme funding o Interaction between funding and investment strategies 3. Designing of employee benefit schemes o Design and valuation of employee's benefits attuned to local markets, tax and legal restrictions, aligned with your human resources and financial needs

Actuarial ActuarialValuation ValuationofofGratuity Gratuityand andActuarial Actuarialvaluation valuation ofofLeave Leaveencashment encashment Input

Data

Processing

Output

Report

Others

1.

Data preparation for actuarial valuation of gratuity and actuarial valuation of leave encashment made easy through PRE – FORMATTED EXCEL DATA REQUISITION SHEETS and close assistance in data preparation.

2.

We carry out various data checks to ensure COMPLETENESS, CONSISTENCY AND ACCURACY OF THE DATA. This helps in rectifying data errors and placing correct value of the liability.

3.

We share a SUMMARY REPORT OF DATA CHECKS with the client before carrying out the valuation.

Garbage In, Garbage Out Data Checks can make a difference

Actuarial Valuation of Gratuity and Actuarial valuation of Leave encashment Input

Processing

Output

Report

Data

1.

Simple yet detailed report to enable complete understanding.

2.

Simplified glossary and FAQs for reference.

3.

Additional management information for better understanding of liability.

Simple and Comprehensive report

Others

Actuarial Valuation of Gratuity and Actuarial valuation of Leave encashment Input

Processing

Data

Output

Report

Others

1.

Qualitative discussion on valuation results.

2.

Handling queries raised by auditors.

3.

Assistance with mid year valuations

4.

Strict adherence to delivery time / TATs (maximum 3 working days for usual valuations)

5.

Employee wise liability (if required)

6.

In house model for monthly in house valuations