April 12, 2024
Capital
Capital encompasses a wide array of assets that deliver value or benefits to their owners, including tangible assets like factories and machinery, intangible assets such as patents, and…
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April 12, 2024
Certificate of Incorporation (COI)
A Certificate of Incorporation (COI) is a formal document that verifies the legal registration of a company. Typically issued by the company registrar or the Accounting and Corporate…
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Arbitration
Arbitration is a form of alternative dispute resolution (ADR) where parties agree to resolve their dispute by a neutral tribunal, typically comprising at least one arbitrator, whose decision…
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Amortisation
Amortisation is the systematic allocation of the cost of an intangible asset over its useful life. In Singapore accounting, it spreads the expense of non-physical assets—such as software…
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Acquisition
An acquisition refers to a transaction in which a company acquires a majority or all of another company’s shares to attain control over it. Such transactions are widespread…
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April 12, 2024
Model Constitution
A Model Constitution refers to a standardised set of rules and regulations that govern the internal workings and structure of an organisation, typically a company, association, or other…
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Private Limited company
A Private Limited Company, often abbreviated as Pvt Ltd or Pte Ltd, is a type of business entity that is privately held by a small group of shareholders.…
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Productivity Solutions Grant (PSG)
The Productivity Solutions Grant (PSG) is a government initiative in Singapore aimed at assisting businesses in adopting technology solutions and enhancing productivity. Understanding the concept of PSG is…
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April 12, 2024
Profit and Loss
Profit and loss, often abbreviated as P&L, refers to a financial statement that summarizes the revenues, expenses, and resulting net income or loss of a business over a…
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Proxy
A proxy refers to a person or entity authorized to act on behalf of another individual or group, typically to represent their interests or exercise their rights in…
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