by admin | Jun 21, 2017 | Accounting, Tech News
The International Accounting Standard Board (IASB) has proposed narrow-scope amendments to be made to IAS 16 Property, Plant and Equipment to reduce the diversity in application of the Standard. IAS 16 establishes principles for recognising and measuring items of...
by admin | Jun 19, 2017 | Goods and Services Tax, Tech News
On or about 19 June 2017, the Inland Revenue Authority of Singapore (IRAS) has released the fourth edition of the e-Tax Guide GST Guide for the Aerospace Industry. It replaces the third edition published on 1 June 2016. The revised e-Tax Guide incorporates the...
by admin | Jun 17, 2017 | Accounting, Tech News
The International Financial Reporting Standards (IFRS) has made available the summary of tentative decisions in the Conceptual Framework for Financial Reporting. In March 2017, the International Accounting Standards Board (IASB) completed deliberations of the Exposure...
by admin | Jun 9, 2017 | Accounting, Tech News
The International Accounting Standards Board (IASB) has issued IFRIC 23 Uncertainty over Income Tax Treatments to specify how to reflect uncertainty in accounting for income taxes. It may be unclear how tax law applies to a particular transaction or circumstance, or...
by admin | May 28, 2017 | Accounting, Tech News
The Singapore Accounting Standards Council (ASC) has submitted a comment letter to the International Accounting Standards Board (IASB) on ED/2017/3 Prepayment Features with Negative Compensation (Proposed amendments to IFRS 9) which was issued in April 2017. In their...
