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Mastering Your Financials: A Business Owner’s Guide to FRS Compliance in Singapore

Mastering Your Financials: A Business Owner’s Guide to FRS Compliance in Singapore

by Willie Tan | Jun 23, 2025 | Bookkeeping

As a business owner, you juggle countless responsibilities, from product development and marketing to customer service and team management. Amidst this whirlwind of activity, the crucial task of financial management can sometimes feel overwhelming. However,...
Can contract acquisition costs be capitalised, or must they be expensed?

Can contract acquisition costs be capitalised, or must they be expensed?

by Willie Tan | Aug 2, 2024 | Bookkeeping

Under the Financial Reporting Standards (FRS), particularly FRS 15/ASC 606, contract acquisition costs can be capitalised, rather than expensed immediately, if conditions are met.   Capitalisation of Contract Acquisition Costs 1. Incremental Costs of Obtaining a...

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