by Daryl Lum | Mar 5, 2025 | Running Your Company
For a Corporate Service Provider (CSP) to make changes to a company, it has to first add the company to its client list. In the past, this can be done simply on the CSP’s end. However, starting from 9 December 2024, all CSPs will need authorisation from the...
by Daryl Lum | May 15, 2024 | Growing Your Company
Financial reporting stands as a fundamental pillar for ensuring transparent and accountable financial management across organizations. This in-depth exploration aims to uncover the essence of financial reporting, its significance, various forms of financial reports,...
by Daryl Lum | May 15, 2024 | Growing Your Company
Budgeting serves as a pivotal element in a company’s financial strategy, setting financial objectives and monitoring progress towards these goals. It plays a crucial role in managing finances by guiding resource distribution, pinpointing potential risks and...
by Daryl Lum | May 15, 2024 | Growing Your Company
Forecasting leverages historical data and analytical assumptions to project future financial outcomes, serving as a pivotal tool for strategic decision-making. Through the extrapolation of past financial trends, forecasting offers a comprehensive view of anticipated...
by Daryl Lum | May 13, 2024 | Running Your Company
Retrenchment is the termination of permanent employees. This is usually because of redundancy or a reorganisation of the company or business. When we speak of the term retrenchment exercise, we usually refer to it as the termination of a noticeable number of...
