What is XBRL? 什么是XBRL？ XBRL stands for eXtensible Business Reporting Language, a language used in computers to present financial statements such that they can be retrieved from online records and transferred directly to users such as auditors, regulators, financial analysts for various purposes.XBRL代表可扩展的商业报告语言，一种在计算机中用来呈现财务报表的语言，这样财务报表就可以从在线记录中检索出来，并直接传输给用户，如审计员、监管者、财务分析师等，用于各种目的。The Accounting & Corporate Regulatory Authority (ACRA) implemented a new filing requirement for Singapore […]
Going Concern 持续经营 What Does Going Concern Mean? 持续经营是什么意思? Going concern is an accounting term for a company that has the resources needed to continue operating indefinitely until it provides evidence to the contrary. This term also refers to a company’s ability to make enough money to stay afloat or avoid bankruptcy. If a business […]
IAS 24 — Related Party Disclosures IAS 24 -关联方披露 Overview 概述 IAS 24 Related Party Disclosures requires disclosures about transactions and outstanding balances with an entity’s related parties. The standard defines various classes of entities and people as related parties and sets out the disclosures required in respect of those parties, including the compensation of key […]
Working Capital Management 营运资本管理 What Is Working Capital Management? 什么是营运资本管理? Working capital management is a business strategy designed to ensure that a company operates efficiently by monitoring and using its current assets and liabilities to the best effect. The primary purpose of working capital management is to enable the company to maintain sufficient cash flow […]
Variable Cost vs. Fixed Cost: What’s the Difference? 变动成本和固定成本:有什么区别? Variable Cost vs. Fixed Cost: An Overview 变动成本与固定成本:概述 In economics, variable costs and fixed costs are the two main costs a company has when producing goods and services. A variable cost varies with the amount produced, while a fixed cost remains the same no matter how […]
FRS 116 Leases and its Tax Implications 《财务报告准则第116号》租契及其税务影响 FRS 116 LEASE ACCOUNTING CHANGES 《财务报告准则第116号》租赁会计变更 There is good news for lessors – lessor accounting is substantially unchanged from current accounting. 对于出租人来说，有一个好消息——出租人的会计核算与现行会计核算基本保持不变。 Lessees, on the other hand, bear the brunt of the changes as most leases will now be recognised on their balance sheets as a right-of-use […]
Bank Reconciliation 银行对账 Differences between the bank statement and the cash book 银行对账单和现金簿之间的差异 When attempting to reconcile the cash book with the bank statement, there are three differences between the cash book and bank statement: 当试图将现金簿与银行对账单核对时，现金簿与银行对账单之间有三个不同之处: unrecorded items 没有记录的项目 timing differences 时间的差异 errors 错误 *Unrecorded items 没有记录的项目 These are items which arise in the bank […]
Understanding the Cash Flow Statement 理解现金流量表 What Is a Cash Flow Statement? 什么是现金流量表? The statement of cash flows, or the cash flow statement, is a financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company. 现金流量表是一种财务报表，它汇总了现金和现金等价物进出公司的数量。 The cash flow statement (CFS) measures how well a company manages its cash […]
Association of Chartered Certified Accountants 特许注册会计师协会 Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA). ACCA’s headquarters are in London with principal administrative office in Glasgow. ACCA works through a network of over 104 offices and centres in 52 countries – […]
Understanding Internal Controls了解内部控制 What Are Internal Controls? 什么是内部控制? Internal controls are the mechanisms, rules, and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability and prevent fraud. Besides complying with laws and regulations, and preventing employees from stealing assets or committing fraud, internal controls can help improve operational […]
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