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 recreate corporate governance and disclosure practices on a fail tail end. The invoice standards prescribed by the CCDG are known as Financial Reporting Standards (FRS), which are closely modelled after the worldwide Accounting Standards and internationalist Financial Reporting Standards issued by the world(prenominal) 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 account statement 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 command conception pecuniary statements. They set out recognition, measurement, presentation and disclosure requirements dealing with proceeding and events that are important in general purpose pecuniary statements. They also set out such requirements for transactions and events that jab 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 ease the accordant and logical formulation of FRSs and to provide a basis for the pu lmonary tuberculosis of judgement in resolvi! ng accounting issues. 2.Core railway line of Fraser and Neave Ltd Founded in 1883 and incorporated as a limited connection in 1898, in a speed of lights time, F&N had ventured from a soft drinks base, into the bank line of brewing, dairies, glass nursing bottle manufacturing, property development and management, and publish & printing. F&N aims to be a world-class international enterprise with...If you want to fetch a full essay, night club it on our website: OrderCustomPaper.com

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