What does actuarial basis of accounting mean?

actuarial basis of accounting meaning in Law Dictionary

Statistics which help figure out contributions periodically meant to a pension. It uses gained income and complete contributions to determine payment amount.


actuarial basis of accounting meaning in Business Dictionary

analytical technique used in deciding the quantity of periodic efforts to a pension fund. The sum total contributions in addition to the earnings attained on it must equal the payment to be made from the retirement investment.