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Accounting for Employee Benefits

We provide a full range of services in all areas of accounting for employee benefits and other long term liabilities. This includes defined benefit pension schemes, post retirement medical plans and share option schemes.

Our advice on defined benefit pension schemes includes:

advice on the choice of actuarial assumptions and the sensitivity of the results to changes in the key assumptions
accounting figures under IAS19, FRS17 and a range of overseas GAAP, including US GAAP
modelling the projected accounting position to allow the company to manage its scheme in the context of the rest of the business
accounting figures for the disclosure of directors' benefits.

To assist clients in setting their own assumptions we prepare an annual survey of the key actuarial assumptions used by FTSE100 companies with a reporting date of 31 December. Click here for a link to our latest survey.

We also provide a newsletter highlighting the areas that should be considered when setting the actuarial assumptions. Click here to find the newsletter appropriate for your company's year end.

We have developed an interactive modelling tool to help Finance Directors understand and quantify the factors influencing the financial position of their pension scheme. It also allows an instant assessment of the sensitivity of the accounts to the year end assumptions so that the Finance Director can make a fully informed decision on the optimal approach. Click here for more details.

We also provide a range of services in relation to accounting for post retirement medical plans and share based payments. As well as carrying out the necessary calculations, we can advise on the choice of underlying assumptions and the sensitivity of the results to changes in assumptions.

For more details on our services in this area please click here.