The actuarial valuation is a mathematical model that helps companies to obtain the appropriate level of resources in order to pay benefits in case of mortality, disability, voluntary resignation, dismissal or retirement.
The benefits included in the actuarial valuation are: Seniority Premium, Termination Indemnity and Pension Plans.
Accounting methodologies: Mexican (NIF D-3), USA (FAS 158, FAS88, FAS106, 112) and International (IAS 19)
Why it is important for companies?
- For audit purposes
- Provides information for financial and human resources decision making.
