by admin | Mar 12, 2018 | Accounting, Company Law, Tech News
KEY LEGISLATIVE AMENDMENTS THAT ARE EFFECTIVE FROM 31 MARCH 2017 Improving the transparency of companies and LLPs The Companies (Amendment) Act 2017 and the Limited Liability Partnership (Amendment) Act 2017 introduces the following new requirements: (1) To maintain...
by admin | Mar 10, 2018 | Accounting, Tech News
On 9 March 2018, the Accounting Standards Council (ASC) issued Singapore Financial Reporting Standard for Small Entities – Q&A Section 12, Issue 1 on Accounting for financial guarantee contracts in individual or separate financial statements of issuer. The...
by admin | Mar 10, 2018 | Accounting, Tech News
On 9 March 2018, the Accounting Standards Council (ASC) issued Annual Improvements to Singapore Financial Reporting Standards (International) 2015–2017 Cycle and Improvement to Financial Reporting Standards (FRSs) (March 2018) which are effective for annual periods...
by admin | Mar 9, 2018 | Accounting, Tech News
On 9 March 2018, the International Financial Reporting Standards (IFRS) staff has presented a webcast on IFRS 17 Insurance Contracts that provides a basic overview of recognising the contractual service margin in profit or loss. This webcast is part of a webcast...
by admin | Feb 6, 2018 | Accounting, Income Tax, Tech News
OVERVIEW OF FRS 109 Classification and Measurement of Financial Instruments (a) Financial assets are measured at their fair value at initial recognition, and subsequently measured at amortised cost (using the effective interest method), FVOCI or FVTPL. Fair value...
by admin | Feb 6, 2018 | Accounting, Income Tax, Tech News
The Accounting Standards Council issued Financial Reporting Standard (FRS) 115 Revenue from Contracts with Customers on 19 Nov 2014. FRS 115 applies to contracts which an entity has with its customers. It is effective from annual periods beginning on or after 1...
