Actuarial Valuation-AS 15

[Siraj Shaikh]

Dear All,

Want to know the above concept and on what basis the entries for the above are passed based on the Actuarial Valuation Certtificate. Will appreciate, if explained with Illustrations.

Thanks

AI Summary

Clarification Sought on Actuarial Valuation for Employee Benefits under AS 15, with Example of Gratuity Liability Calculation A discussion on actuarial valuation under AS 15, initiated by an anonymous user, seeks clarification on accounting entries based on actuarial valuation certificates, with a request for illustrative examples. A respondent explains that actuarial valuations in India are primarily for accounting purposes under AS 15, IAS 19, or US GAAP, covering employee benefits like gratuity, leave benefits, and pension schemes. It highlights the necessity for certain companies to conduct external valuations annually. An example of gratuity liability calculation is provided, illustrating the process of determining present value. The respondent advises consulting a Chartered Accountant for detailed accounting entries.