Knowledge Centre
Accounting for KSA End of Service Benefits
The International Accounting Standards Board (IASB) intends to achieve the vision of one global accounting standard. Adhering to this, the Saudi Organization for Certified Public Accountants (SOCPA), which is the key Authority
Key Considerations in EOSB Valuations
Actuarial valuation of employee benefits is not just about one figure that needs to be booked in accounts It is also about understanding and managing the liability and about mandated detailed disclosures in financial statements.
Discount Rate for Actuarial Valuations of Employee Benefits (June 2025)
The discount rate used in actuarial valuations of employee benefit plans such as gratuity, pension, earned leave etc. is determined by reference to market yields at the balance sheet date on government bonds.
Discount Rate for Actuarial Valuations of Employee Benefits (March 2025)
The rate used to discount post-employment benefit obligations (both funded and unfunded) shall be determined by reference to market yields at the end of the reporting period on government bonds.
Analysis of Salary Growth Rate assumption adopted by NSE 50 Companies (FY23 and FY24)
Salary growth rate is one of the most important assumptions made while performing actuarial valuation of salary based employee benefit schemes, such as gratuity, earned leaves, pensions etc.
Discount Rate for Actuarial Valuations of Employee Benefits (December 2024)
The rate used to discount post-employment benefit obligations (both funded and unfunded) shall be determined by reference to market yields at the end of the reporting period on government bonds.
Discount Rate for Actuarial Valuations of Employee Benefits (September 2024)
The discount rate used in actuarial valuations of employee benefit plans such as gratuity, pension, earned leave etc. is determined by reference to market yields at the balance sheet date on government bonds.
Discount Rate for Actuarial Valuations of Employee Benefits (June 2024)
The discount rate used in actuarial valuations of employee benefit plans such as gratuity, pension, earned leave etc. is determined by reference to market yields at the balance sheet date on government bonds.