by RBZ | Apr 27, 2018 | articles, blog, Uncategorized
Is your current retirement plan still relevant? For the most part, retirement plans are set up to retain employees until the retirement age of 60. However, the current workforce landscape is quickly changing. More than 50% of the labor force are millennials and is...
by RBZ | Jan 24, 2018 | articles
What are the reasons for the increase in the retirement liability? This is the usual question we receive from our clients as we enter another season of finalizing the company’s audited financial statements as required by the Securities and Exchange Commission (SEC)....
by RBZ | Feb 27, 2017 | glossary
The ANC is the required current contribution of the Company for the service to be rendered by the employees for this year.
by RBZ | Feb 27, 2017 | glossary
The PSL is the liability of the company for the services rendered by their employees from date of hire to valuation date. The PSL can be paid in full or in amortized amount over a 3-year, 5-year, etc. but not to exceed the remaining working life of the employee...
by RBZ | Feb 27, 2017 | glossary
Below is an excerpt about International Accounting Standards (IAS) 19 taken from Deloitte. IAS 19 Employee Benefits (amended 2011) outlines the accounting requirements for employee benefits, including short-term benefits (e.g. wages and salaries, annual leave),...
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