Tuesday, February 4, 2014

Corporate Accounting

1.Main Source of Regulation of Financial Reporting in capital of Singapore The Council on Corporate Disclosure and Governance (CCDG) was established on 16 August 2002 to prescribe chronicle standards for Singapore-incorporated companies, and to review and weight-lift corporate governance and disclosure practices on a proceed footing. The invoice standards prescribed by the CCDG are known as Financial Reporting Standards (FRS), which are closely modelled after the world(prenominal) Accounting Standards and internationalist Financial Reporting Standards issued by the transnational Accounting Standards Board. With the enactment of the Accounting Standards Act and the dissolution of the CCDG on 1 Nov 2007, the Accounting Standards Council (ASC) took over the task of prescribing write up standards from the CCDG. In addition to prescribing accounting standards for companies, the ASC will also prescribe accounting standards for charities, cooperative societies and societies FRSs apply to all familiar conception monetary statements. They set out recognition, measurement, presentation and disclosure requirements dealing with proceeding and events that are important in general purpose financial statements. They also set out such requirements for transactions and events that butterfly away mainly in specific industries. FRSs are ground on FRS Framework, which addresses the concepts underlying the information presented in general purpose financial statements. The objective of the FRS Framework is to quicken the accordant and logical formulation of FRSs and to provide a basis for the pulmonary tuberculosis of judgement in resolving accounting issues. 2.Core railway line of Fraser and Neave Ltd Founded in 1883 and incorporated as a limited connection in 1898, in a degree Celsiuss time, F&N had ventured from a soft drinks base, into the line of credit of brewing, dairies, glass nursing bottle manufacturing, property development and man agement, and produce & printing. F&N aims! to be a world-class multinational enterprise with...If you want to fetch a full essay, put it on our website: OrderCustomPaper.com

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