Actuarial accounting valuations

美世 is a leading provider of actuarial consulting services, a member of the Gulf Cooperation Council and has a specialized team of actuarial consultants with Arabic-speaking ability.
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国际会计准则第19号负债估值

The International Accounting Standard 19 (IAS 19) was rolled out on 1st July, 2016. 根据这项立法, UAE registered organizations are legally obliged to follow certain reporting standards for employee benefit programmes, including end of service benefits. Accounting teams need to be aware of how end of service funds should be calculated, 因此, how these funds should be reflected in financial statements.
  • The amount to be reflected in the current income statement
  • The amount to be recognised on the balance sheet
  • The descriptions required in the footnotes of financial reports

美世如何提供帮助

Actuarial valuations calculate the 'present value' of future payments made to employees as part of the employee benefit plan.

The purpose of an actuarial valuation is to calculate the ‘present value’ of payments that need to be made to employees in the future as part of an employee benefit plan. Below are the types of periodic actuarial valuations of employee benefits that 美世 performs.

  • 服务结束

    As a defined benefit under IAS 19, end of service benefits must be measured and disclosed on financial statements.

  • 长期服务奖

    Leave and financial benefits can accompany tokens of appreciation for long service awards. This may include long-term paid absences or sabbatical leave.

  • 遣返津贴

    Such allowances vary depending on the returning country, 然而, employers are required to provide an allowance as defined by calculations made under actuarial assumptions.

  • 应计休假兑现

    Employees are entitled to encashment of any leave accrued up to date, as long as said leave is consumable up to and including the final date of service.

  • 固定收益计划

    All plans that are not categorized as contribution plans are defined benefit plans. On top of direct contributions, 其他因素包括年龄, 服务年限, and compensation are also factored into the equation.

  • Post-retirement medical plans

    Post-retirement medical plans are part of post-employment benefit obligations. Actuarial assumptions like mortality, 营业额, 退休年龄, and other financial assumptions are to be considered.

为什么选择美世中东?

Four reasons to choose 美世 for actuarial accounting valuations
  • Experience with the “Big Four”
    Our Arabic-speaking team of actuarial consultants have worked with leading private and public companies, including the “Big Four” firms locally, 和全球.
  • Best-in-class accrual processes
    We’ve developed sophisticated tools and methodologies to quantify employee benefits, obligations and accruals quickly, 高效、正确.
  • Client confidentiality is our top priority
    在简化流程的同时, our actuarial consultants adhere to strict quality-assurance and data protection processes and ensure client confidentiality.
  • Training and knowledge transfer
    除精算估值外, a core part of our consultants’ service is to ensure training and knowledge transfer to your finance team.

See more insights on 美世’s wealth and investment services

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    我们是来帮忙的

    Make sure you’re in compliance with the International Accounting Standard 19 (IAS19)