by Willie Tan | Apr 8, 2024 | Glossary
It’s a principle or method used in various contexts, including accounting, inventory management, and computing. LIFO refers to the Last In, First Out method of inventory valuation. With LIFO accounting, the most recently acquired inventory items are assumed to...
by Willie Tan | Apr 8, 2024 | Glossary
The Ministry of Trade and Industry (MTI) is a government agency in Singapore responsible for formulating and implementing trade, industry, and economic development. Its primary mission is to promote sustainable economic growth, enhance Singapore’s...
by Willie Tan | Apr 8, 2024 | Glossary
the Market Readiness Assistance (MRA) Grant is a financial assistance program provided by Enterprise Singapore, a government agency, to help Singaporean Small and Medium Enterprises (SMEs) internationalize and expand their businesses overseas. Key features of the...
by Willie Tan | Apr 8, 2024 | Glossary
The Ministry of Manpower (MOM) is a government agency in Singapore responsible for overseeing various aspects of labour, workforce development, and workplace safety. Its primary mission is to promote productive and inclusive workforce practices to enhance...
by Willie Tan | Apr 8, 2024 | Glossary
Knowledge capital refers to the intangible assets within an organisation that contribute to its ability to generate value and achieve its objectives. Unlike physical capital (e.g., buildings, machinery) or financial capital (e.g., cash, investments), knowledge capital...
