How Actuarial Assumptions Influence Corporate Financial Decisions

Actuarial assumptions represent one of the essential components, though they are quite ignored, of the financial management system in the corporate sector. These assumptions are the foundation for reckoning with employee benefits, which are of a long-term nature, like gratuity, pensions, leave encashment, and other post-employment benefits. The assumptions interpret the uncertain future events as […]

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How Bookkeeping Helps in Budgeting and Forecasting

In today’s fast-paced business environment, it is necessary for long-term success to have an organized budget and the ability to make effective decisions about a company’s financials. Although most business owners might appreciate the importance of budgeting and forecasting, few consider bookkeeping to be a foundation of budgeting and forecasting, which makes their own effectiveness […]

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