How Are Cost of Goods Sold and Cost of Sales Different? 销货成本和销售成本有什么不同? Companies refer to either the cost of goods sold (COGS) or the cost of sales on the income statement, or in some cases both, leading to some confusion for investors about the meaning and implication of the two terms. However, fundamentally, there is […]
What’s the difference between an accountant and an auditor? 会计师和审计师的区别是什么? The accountant and auditor roles are often confused for each other. With many differences and similarities; the two functions are sometimes interchangeable. 会计师和审计师的角色经常互相混淆。有许多不同和相似之处;这两个功能有时是可互换的。 Accountants 会计师 Accountants accumulate daily financial transactions and report on the performance, financial position and cash flows of a business. Duties can […]
Investment properties 投资性房地产 Investment properties include those portions of office buildings that are held for long-term rental yields and/or for capital appreciation and land under operating leases that is held for long-term capital appreciation or for a currently indeterminate use. Investment properties include properties that are being constructed or developed for future use as investment […]
Cost Accounting & Cost Control 成本会计与成本控制 Accounting provides business-related information to the owner, the management, and the employees of the company as well as to the government, creditors, investors, and customers. 会计向所有者、管理层、公司员工以及政府、债权人、投资者和客户提供与业务相关的信息。 Financial accounting is based on actual past and cost accounting is based on planning and controlling. Preparation of budget is a part of […]
Accounting Procedure for Different Industries 不同行业的会计程序 Every industry needs to maintain its books of accounts to know its financial position at the end of a year. Just like industries differ from one another, their accounting needs also are different and unique. So, the accounting standards used for a start-up cannot be adopted for a tech […]
ACCA membership and fellowship 特许注册会计师会员及资深会员 Once you have completed your ACCA Qualification by passing your exams, along with three years’ practical experience and the Ethics and Professional Skills module, you will be invited to become an ACCA member. You will be able to use the ‘ACCA’ letters after your name. 一旦您通过考试获得ACCA资格，再加上三年的实践经验和道德与专业技能模块，您将被邀请成为ACCA会员。您可以在您的名字后面加上“ACCA”字母。 Benefits of being an […]
Understanding WIP Accounting for Construction 理解在建工程的会计核算 In most cases, it is simple to determine the timing for Revenues Earned, once ownership of a product is transferred or a service is complete, revenue is considered to have been earned. But if revenue recognition is delayed until the end of a long term contract, the Matching Principle […]
Compilation of financial statements and accounting standards 编制财务报表和会计准则 As audit requirements are gradually being relaxed in Singapore for companies, more bookkeepers and accountants have been advising their clients that do not require to perform an audit to do a compilation of financial statements instead. So, what exactly is a compilation and is it necessary? 随着新加坡对企业的审计要求逐渐放宽，越来越多的簿记员和会计师开始建议那些不需要进行审计的客户转而编制财务报表。那么，编制到底是什么，有必要吗? […]
Multi-task? Hire a qualified accountant from Benevolent Fortune for Small Businesses 多任务？让仁者财富为您企业聘请一名合格的会计师 The main objective of our accounting services is to reduce the workload and the expenses of business owners, helping them to focus on core business activities. Our broad range of accounting solutions can be customized to the unique needs of clients and the services can […]
Professional Accounting Services 专业会计服务 To meet the compliance needs of the clients, we have established a team of professional accountants that are committed to serve you with the compilation of business accounts data, report preparation as per the format stipulated by ACRA, submission of the report to ACRA/IRAS. 为满足客户的合规需求，我们成立了一支专业的会计师队伍，致力于为您提供商业账户数据的汇编、按照ACRA规定的格式编制报告、向ACRA/IRAS提交报告等服务。 We can design and implement the […]
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