ASC issued FRS 116 Leases

ASC issued FRS 116 Leases

ASC issued FRS 116 Leases and invites comments on ED/2016/1 ASC has issued FRS 116 Leases. ASC invites comments on Exposure Draft ED/2016/1 Definition of a Business and Accounting for Previously Held Interests (Proposed amendments to IFRS 3 and IFRS 11) – Comments by 26 Aug 2016. Please visit Financial Reporting Standards for the FRS…

SME Portal Partnership with 3E Accounting

3E Accounting Pte Ltd Announces its Partnership with the SME Portal

3E Accounting Pte Ltd Announces its Partnership with the SME Portal 3E Accounting Pte Ltd, Singapore’s premier corporate services provider joins hands with the SME Portal, the country’s leading and most visited portal by Singapore’s small business owners and aspiring entrepreneurs alike. It’s official! The premier corporate services provider in Singapore – 3E Accounting Pte…

3E Accounting Newsletter

E-Newsletter July 2016

Dear Reader, Welcome to our E-Newsletter July 2016 In this issue of our newsletter, we are glad to share with you the good news of our completion of yet another networking partnership agreement. We are now one step further into our expansion quest by welcoming our new member firm, SAS Smart Account Solution Co. LTD. who will represent us…

Tripartite Guidelines Developed for Employers to Give Greater Clarity on Leave Benefits and Notice Period for Term Contract Employees

Leave Benefits and Notice Period for Term Contract Employees

Tripartite Guidelines Developed for Employers to Give Greater Clarity on Leave Benefits and Notice Period for Term Contract Employees The Ministry of Manpower (MOM), National Trades Union Congress (NTUC), and the Singapore National Employers Federation (SNEF), have jointly developed a set of Tripartite Guidelines on the Employment of Term Contract Employees. Although the majority of…

Further extension of time for private companies to update shareholder information

Further extension of time for private companies to update shareholder information

Further extension of time for private companies to update shareholder information In December 2015,  ACRA announced that it would be maintaining the registers of members for private companies setup in electronic form (EROM) from 3 Jan 2016 onwards. Private companies were required to update shareholder information that will be recorded in the EROM. These companies…

ASC has issued Amendments to FRS 115

ASC has issued Amendments to FRS 115

Updates from ASC – ASC has issued Amendments to FRS 115 ASC has issued Amendments to FRS 115: Clarifications to FRS 115 Revenue from Contracts with Customers. Please visit Financial Reporting Standards Changes effective for annual periods beginning after 1 January 2016 for information.   Related link Preparation of financial statements

Tripartite Guidelines on Managing Excess Manpower and Responsible Retrenchment

Tripartite Guidelines on Managing Excess Manpower and Responsible Retrenchment

Singapore Tripartite Guidelines on Managing Excess Manpower and Responsible Retrenchment The Singapore economy is highly exposed to global trends and companies often find that they have to restructure to stay competitive. As businesses adjust, they should consider alternative ways of managing their excess manpower such as upskilling employees and redesigning jobs. However, if retrenchment is…

3E Accounting Newsletter

E-Newsletter June 2016

Dear Reader, Welcome to our E-Newsletter June 2016 We are glad to present you our newsletter for June 2016. For new updates and developments, stay tune with us and refer to the details in our newsletters. Thank you. Lawrence Chai Managing Director Read More in our E-Newletters June 2016.