Data Requirements

Results Presentation

Results of the valuation, reconciling from opening DBO, showing the various costs and movements and finally the year-end DBO. Everything shown.

International Financial Reporting Standards (“IFRS”)

Background to what International Financial Reporting Standards are, leading to more information on IAS 19 and actuarial valuation and reporting.

International Accounting Standards (“IAS”)

Basic IAS background and its historical relation to IFRS. Is IAS still valid? Who should implement it? Later IAS 19 specifically.

Projected Unit Credit (“PUC”)

The PUC method is an actuarial valuation method. It values accrued benefits by considering their projected value at the date of payment.

Pension Fund Accounting – a Basic Example

IAS 19 Example

IAS 19 calculation for one individual, uising simplified assumptions and simplified Pojected Unit Credit actuarial method.

IAS 19

What is IAS 19? International Accounting Standard 19 for Employee Benefits, including post exit benefits. We consider the actuarial valuation and disclosure.

Defined Benefit Obligation (“DBO”)

Define DBO and more information on how DBO is calculated using PUC and assumptions. Corresponding assets and their consideration.

Current Service Cost

Definition and calculation of Current Service Cost under IAS 19, using the PUC and required assumptions. Basics of calculating CSC in practice.

Interest Cost – Why?

Easy to understand explanation of the interest cost, as usually shown in IAS 19 actuarial valuation results. Impact of corresponding assets also given.

First-time adopter of IAS 19

Various considerations for adopters, dates of assessment, number of entities in group. Also a basic illustration of some accounting entries.

Discount Rate – GCC

Basics of selecting a discount rate, IAS 19 requirements and various generalities, GCC specifics, some historical selections of rates for one duration only.

Actuarial Gain or Loss

Actuarial losses arise from changes in assumptions and experience differing from expectations. Where to book these actuarial gains and losses to.