Introduction End of Service Benefits (EOSB) are a key component of employee compensation, particularly in Saudi Arabia and other neighbouring countries. Under IAS 19 – Employee Benefits, EOSB schemes are typically classified as defined benefit plans, requiring companies to recognise their obligations using the Projected Unit Credit (PUC) method. However, in certain cases, IAS 19 […]
In the ever-evolving landscape of financial reporting standards, staying abreast of the latest changes is essential for professionals in the insurance industry. One such significant development is the International Financial Reporting Standard 17 (IFRS 17), which brings about a fundamental shift in how insurance contracts are accounted for. For actuaries and insurance professionals, understanding IFRS […]
The adoption and implementation of IFRS in the Kingdom of Saudi Arabia (KSA) is a major step towards increasing the transparency and comparability of the financial statements of the companies doing business in the Kingdom. We receive a lot of queries from such companies regarding the impact of this change and the need for actuarial […]
Ind AS 102 will bring much needed uniformity in valuation and accounting of share-based benefits. However, the cost for the affected companies is likely to increase significantly. What Ind AS 102 is all about? Ind AS 102 prescribes financial reporting in respect of share-based benefits and is relevant for companies which remunerate their employees by share-based (or stock option) […]
Determine whether your organization requires actuarial valuation for gratuity schemes under AS 15 or Ind AS 19. This guide covers applicability criteria for corporate entities (SMC vs non-SMC), non-corporate entities (Large vs MSME classification), and valuation frequency requirements.
Indian Accounting Standard Ind AS 102 requires fair value methodology for ESOP valuation. This guide compares three methods – Black-Scholes, Binomial, and Monte Carlo – explaining when to use each approach and their key limitations for finance teams in India.