by Willie Tan | Apr 2, 2024 | Glossary
A Dependent’s Pass is an immigration pass issued by certain countries, notably Singapore, to spouses and children of individuals holding certain employment passes or work visas. The purpose of the Dependent’s Pass is to allow the family members of foreign...
by Willie Tan | Apr 2, 2024 | Glossary
A declaration of solvency is a legal document prepared and signed by the directors or officers of a company to affirm that the company is solvent, meaning it has sufficient assets to cover its liabilities. This declaration is typically made in certain situations, such...
by Willie Tan | Apr 2, 2024 | Glossary
Budgeting is creating a plan to manage your financial resources effectively. It involves estimating and allocating how much money you will earn or receive (income) and how much you plan to spend (expenses) over a specific period, typically monthly, quarterly, or...
by Willie Tan | Apr 2, 2024 | Glossary
CorpPass is a digital authentication system introduced by the Singapore government for businesses and other entities to access and transact with government agencies online securely. It stands for “Corporate Pass,” a single login method for businesses to...
by Daryl Lum | Apr 2, 2024 | Glossary
An audit involves a thorough review of an organisation’s financial statements as disclosed in its annual report by an external examiner. These financial statements encompass the balance sheet, income statement, statement of changes in equity, cash flow...
by Daryl Lum | Apr 2, 2024 | Glossary
Accrual accounting represents a method of financial accounting that permits a company to recognise revenue upon the provision of goods or services, before receiving payment, and to document expenses as they occur. This approach diverges from the cash basis accounting,...
