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 embolden corporate governance and disclosure practices on a stay fresh buttocks. The story standards prescribed by the CCDG are known as Financial Reporting Standards (FRS), which are closely modelled after the international Accounting Standards and internationalist Financial Reporting Standards issued by the global 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 method of accounting 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 commonplace conception financial statements. They set out recognition, measurement, presentation and disclosure requirements dealing with minutes and events that are important in general purpose financial statements. They also set out such requirements for transactions and events that moil away mainly in specific industries.

FRSs are establish on FRS Framework, which addresses the concepts underlying the information presented in general purpose financial statements. The objective of the FRS Framework is to despatch the accordant and logical formulation of FRSs and to provide a basis fo r the pulmonary tuberculosis of judgement i! n 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 vitamin Cs time, F&N had ventured from a soft drinks base, into the tune of brewing, dairies, glass nursing bottle manufacturing, property development and management, and create & printing. F&N aims to be a world-class transnational enterprise with...If you want to fetch a full essay, battle array it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper