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The Accounting Equation (Assets, Liabilities & Equity)

The Accounting Equation (Assets, Liabilities & Equity) From the multi-national, huge enterprise down to the corner barbershop, a company financial position is affected by every single business transaction. The assets, liabilities and equity determine the economic status of a business (Also see How to Create Your Chart of Accounts). The accounting equation, known as the …

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Four Different Services Provided by Accounting Firms

Four Different Services Provided by Accounting Firms Being a small company owner is challenging. Small business owners assume that their service is only a small scale; they could deal with the accounting efficiently by themselves. While a few of them can do it, however, for the others, engage with accounting service would be the favoured …

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Accounting – Revaluation of Fixed Assets

Accounting – Revaluation of Fixed Assets Plant, property, and equipment (PPE) are also known as fixed assets and are used in the production process or supply of goods and services, administrative purposes, or any other activities in the business. The Singapore Financial Reporting Standards, FRS 16 – Property, Plant and Equipment allows business the accounts preparer …

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Accounting – Impairment versus Depreciation of Fixed Assets

Accounting – Impairment versus Depreciation of Fixed Assets Impairment of an asset emerges when the fair value of an asset unexpectedly goes down below its value while depreciation is the decrease in the value of an asset gradually so what is the difference between the two? First of all, impairment can happen in wider asset …

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Outsourcing Accounting and Payroll Functions

Outsourcing Accounting and Payroll Functions The business leaders as well as entrepreneurs are constantly aiming to enhance their company’ efficiency. In real life, they have an incredible wide range of doing so by employing among the accounting solutions for local business in Singapore. It permits them to run away the terrible stress the compliance-related jobs …

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10 Concerns You Need To Address Prior To Beginning Your Organisation

10 Concerns You Need To Address Prior To Beginning Your Organisation It appears like everybody desires to be a business owner these days. Beginning Your Service is seen as an attractive, extravagant way of life that offers the supreme liberty when it comes to the selection of career. You desire to end up being a …

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