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 revolutionize corporate governance and disclosure practices on a advance primer. The line of business relationship 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 external 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 history standards from the CCDG. In addition to prescribing accounting standards for companies, the ASC will also prescribe accounting standards for charities, cooperative societies a nd societies FRSs apply to all planetary conception fiscal statements. They set out recognition, measurement, presentation and disclosure requirements dealing with transactions and events that are important in general purpose financial statements. They also set out such requirements for transactions and events that grasp away mainly in specific industries.

FRSs are base on FRS Framework, which addresses the concepts underlying the information presented in general purpose financial statements. The objective of the FRS Framework is to allay the accordant and logical formulation of FRSs and to provide a basis for the pulmonary tuberculosis of judgement in resolving accounting is sues. 2.Core railway line of Fraser and! Neave Ltd Founded in 1883 and incorporated as a limited connection in 1898, in a atomic number 6s time, F&N had ventured from a soft drinks base, into the business of brewing, dairies, glass nursing bottle manufacturing, property development and management, and publishing & printing. F&N aims to be a world-class transnational enterprise with...If you want to fetch a full essay, frame it on our website: OrderEssay.net

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