Introduction
EB | Calc is a web application designed by our team of experts in collaboration with fellow consulting firms Incertus, d.o.o. and Drabex, d.o.o. Its primary function is the calculation of the expected present value of long term employee benefits. More specifically, it calculates the respective values of severances upon retirement and jubilee awards, in accordance with the accounting standards SRS 10 and MRS 19.
How it works
The way the application works is pretty straightforward. First, the user determines the valuation date, type of the contract, last year's DBO and OLTB and imports employee data. When all the data is inserted, the user clicks on the Make a report button to run the calculations. Then, the user can export the report in PDF and see the results on their desktop.
The results
The results include calculated defined benefits obligations (DBO) and other long-term benefits (OLTB), the weighted average duration, a sensitivity analysis, a maturity profile and an outlook for the next year. The results are presented numerically and graphically on the user's desktop and can be exported to PDF. The application can present the results either by accounting year or by employees.
The user is also able choose between pre-defined contracts and partially defined contracts or define a new type of contract.
