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Revenue – The 5-Step Model of New Revenue Standard (Part 3)

by admin | Sep 30, 2017 | Accounting, Tech News

Step 2 Identify performance obligations in the contract 6.1   (IFRS 15) FRS 115 Revenue from Contracts with Customers recognises that an entity may have promised more than one product or service to the customer, i.e., sale of 2 products as a bundle. 6.2   Step 2...

ACRA updates guidance notes on setting up a register of controllers and register of nominee directors for companies

by admin | Sep 26, 2017 | Company Law, Tech News

On 18 September 2017, the Accounting and Corporate Regulatory Authority (ACRA) issued revised versions of its written guidance in relation to the requirements on the register of controllers for Singapore companies, foreign companies registered in Singapore and limited...

IAASB Webcast: Proposed Changes to International Standard on Quality Control

by admin | Sep 26, 2017 | Accounting, Tech News

The International Auditing and Assurance Standard Board (IAASB) Quality Control Task Force Chair, Karin French, leads a discussion on proposed changes to International Standard on Quality Control (ISQC) 1 for firms. The proposed changes will result in a restructured...

ISCA Releases Sustainability Reporting Implementation

by admin | Sep 25, 2017 | Accounting, Tech News

The Institute of Singapore Chartered Accountants (ISCA) has developed a roadmap to help new or early-stage Sustainability Reporting adopters kick-start their sustainability reporting journey. The roadmap seeks to provide practical guidance on sustainability reporting...

ACRA updates Setting up Register of Controllers – Help Resources

by admin | Sep 24, 2017 | Company Law, Tech News

The Accounting and Corporate Regulatory Authority (ACRA) has further updated the Setting up Register of Controllers – Help Resources with clarifications and addition of illustrative diagrams. These are part of the resources provided of ACRA which to guide companies,...
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Recent Posts

  • Post-implementation Review of IFRS 10, IFRS 11 and IFRS 12
  • Pension Benefits that Depend on Asset Return
  • The ASC submitted comments on Non-current Liabilities with Convenants and Supplier Finance Arrangement
  • Lessor Forgiveness of Lease Payments (IFRS 9 and IFRS 16)
  • Transfer of Insurance Coverage under a Group of Annuity Contracts (IFRS 17)

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