by admin | Oct 4, 2017 | Accounting, Tech News
The Accounting Standards Council (ASC) has submitted comment letters to the International Accounting Standards Board (IASB) on Discussion Paper DP/2017/1 Disclosure Initiative–Principles of Disclosure which was issued in March 2017. The main objective of this...
by admin | Oct 3, 2017 | Accounting, Tech News
The Accounting Standards Council (ASC) has on 29 May 2014 announced that Singapore-incorporated companies listed on Singapore Exchange (SGX) will apply a new financial reporting framework that is identical to the International Financial Reporting Standards (IFRS) on 1...
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...
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...
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...
