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Q. > Please Help: Quaterly provision for gratuity and leave encashment
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569 views • Question added Oct 15, 2011 • Accounts • By Ashish Sanghi , CS , Gurgaon


Dear friends, What is basis for computation of provsion for gratuity and leave encashment. If a listed company is making provision of gratuity and leave encashment during the quarter ended 30.09.2011 on the basis of acturial valuation of 31.03.2011 then whether it is as per AS-15 or it requires to obtain quaterly acturial valuation. if there is any other solution pls reply for the same.

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Unmesh

02-Nov-2011 , 01:55:39 am

as per AS-15 actuarial valuation has to be done as on balance sheet date which may be 30-09-2011 for quarterly reporting, so actuarial valuation should be done, any other arrangement may be qualified by the auditors while auditing quarterly results

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