Tag: AS 15

How to set discount rate for actuarial valuation

29 Nov 2017There is more to selection of discount rate than simply looking up the interest rates on internet. Many companies don’t realise the complexities involved and need to do more than they are doing currently. Any actuarial valuation involves the use of a ‘discount rate’, which is used to calculate the present value of future benefits promised […]

Governance framework to set actuarial assumptions

25 Nov 2017Setting the right actuarial assumptions is central to the accuracy of any actuarial valuation. However, there is a general lack of understanding among the stakeholders about how the assumptions should be set. No matter how much care is taken in doing an actuarial valuation, the results could still be useless if assumptions are not set […]

3 ways in which Ind AS 19 is different from AS 15

16 Nov 2017Ind AS 19 should be a welcome news for most companies, as the P&L statement will become very stable, as compared with AS 15, and the actuarial losses will flow through the OCI. For companies coming under the ambit of Indian Accounting Standards (Ind AS), the transition from AS 15 is expected to be challenging and the […]