Accounting in Singapore
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- Posted by admin
- 12 February 2018
- Accounting, Articles
Accountants are able to get an intimate look at a company's books. When an accountant is tasked with auditing the books or doing a company's taxes, the accountant is often able to uncover accounting fraud. But the field has since moved in a new direction. more
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- Posted by admin
- 20 December 2017
- Accounting
The concept of materiality is a cornerstone in accounting, and the Financial Accounting Standards Board (FASB) issued two exposure drafts that aim to address the concept of materiality on September 24, 2015. What is the Concept of Materiality? The concept of materiality is a fundamental more
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- Posted by admin
- 10 April 2016
- Accounting, Articles, Tips
Sam Antar was the co-founder of Crazy Eddie; an electronic goods retailer. Despite being a relative success, Eddie Antar (Sam’s cousin) engaged in commercial fraud nearly from the first day Crazy Eddies opened its doors. Systematically, Sam Antar engaged in phases of fraud that are more
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- Posted by admin
- 10 April 2016
- Accounting, Articles, Tips
Over the last few decades, accounting standards have become increasingly complex. In today’s global economy, new services and products are constantly emerging, and new financial instruments are growing in complexity. At the same time, financial statement users are demanding more data. In turn, standard setters more
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- Posted by admin
- 31 March 2016
- Accounting
As tax season approaches, it’s time to start looking at ways to lower your personal tax bill. Now is also a good time to learn more about recent tax changes, so you can start taking steps to lower next year’s tax bill. There are numerous more
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- Posted by admin
- 31 March 2016
- Accounting
Filing tax returns can be complicated and stressful. One wrong number can lead to future hassles. It’s not uncommon for errors to be made when filing income tax in Singapore, but avoiding these costly errors will save you a lot of time and money. The more
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- Posted by admin
- 03 December 2015
- Accounting, Articles
BEPS, Base Erosion and Profit Shifting, was developed with the intent of determining the negative effect national companies have on national tax bases when tax avoidance strategies are implemented. The OECD uses BEPS as a project in an attempt to change the way corporate taxation more
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- Posted by admin
- 03 December 2015
- Accounting, Articles
The manufacturing industry uses activity-based costing (ABC) as a tool for assigning costs to products. The ABC method has its place in the accounting world, but it’s a tool that is neglected because it is misunderstood. This is not to say that the ABC method more
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- Posted by admin
- 30 October 2015
- Accounting, Articles
Accountants trying to determining the optimal pricing model for their clients have a difficult time transitioning from one pricing model to a new model. One of the hot topics among accountants and many firms deals primarily with price sensitivity. What is the best option for more
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- Posted by admin
- 30 October 2015
- Accounting, Articles
Accountants rely on consistency at all times to remain diligent in their work. Consistency works well and ensures an accountant follows all of the best practices of control. But, what happens when ethics is a one-sided endeavor where a fraudster depends on you to overlook more