by admin | Nov 30, 2017 | Accounting, Tech News
Step 4 Allocate transaction price to separate performance obligations 8.1 Step 4 is to allocate the transaction price to the separate performance obligations on a relative stand-alone selling price basis under the contract. One exception is permitted: If specified...
by admin | Nov 26, 2017 | Accounting, Tech News
The International Accounting Standards Board (IASB) have released an article titled “What investors ask about IFRS 17” on 21 November 2017. IFRS 17 Insurance Contracts was introduced to replace the requirements for accounting for insurance contracts in IFRS 4 starting...
by admin | Nov 22, 2017 | Income Tax, Tech News
FRS 109 Financial Instruments will apply to entities for annual periods beginning on or after 1 January 2018. On or about 22 November 2017, the Inland Revenue Authority of Singapore (IRAS) has published an e-Tax Guide which provides guidance on the tax treatment for...
by admin | Nov 4, 2017 | Income Tax, Tech News
The following are some highlights of the recent update under the Income Tax (Amendment) Act 2017 that published in the Government Gazette (electronic edition) on 26 October 2017. Personal taxation All individual tax residents will receive a personal income tax rebate...
