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,...
by Daryl Lum | Apr 2, 2024 | Glossary
A beneficial owner refers to an individual or a collective group that reaps the advantages of property ownership, despite the legal title being registered under a different name. This term further encompasses those who possess either direct or indirect control over...
by admin | Apr 1, 2024 | Glossary
QuickBooks Accounting is a popular cloud-based accounting software developed by Intuit, designed to streamline financial management tasks for businesses of all sizes. Understanding QuickBooks Accounting is essential for businesses seeking efficient solutions for...
by admin | Apr 1, 2024 | Glossary
The Register of Charges is a legal record maintained by companies, particularly in Singapore, to document and disclose details of any charges or encumbrances placed on the company’s assets. Understanding the Register of Charges is crucial for companies to comply...
by admin | Apr 1, 2024 | Glossary
The Register of Nominee Directors is a record maintained by companies, especially in Singapore, containing information about individuals or entities acting as nominee directors on behalf of the company. Understanding the Register of Nominee Directors is crucial for...
by admin | Apr 1, 2024 | Glossary
The Register of Registrable Controllers (RORC) is a mandatory register that Singapore companies are required to maintain, containing information about individuals or entities that have significant ownership or control over the company. Understanding the RORC is...
by Wilber Suen | Apr 1, 2024 | Glossary
A registered office address is the official address of a company that is registered with the relevant government authorities, such as the Accounting and Corporate Regulatory Authority (ACRA) in Singapore. Understanding the concept of a registered office address is...
by Wilber Suen | Apr 1, 2024 | Glossary
Talenox is a cloud-based human resource (HR) software platform designed to streamline HR and payroll processes for businesses in Singapore and beyond. Understanding Talenox is essential for HR professionals, business owners, and employees seeking efficient solutions...
by Wilber Suen | Apr 1, 2024 | Glossary
A startup is a newly established business venture, typically characterized by innovation, rapid growth potential, and scalability. Understanding startups is essential for entrepreneurs, investors, and stakeholders interested in the dynamics of emerging businesses and...
