Difference Between Bank Loan and Bank Overdraft
Bank Loan or Bank Overdraft? What’s the difference? How does it affect my Profit and Loss Account and Balance Sheet?
Who uses forensic accountants?
Forensic accounting financial investigative specialists work with financial information for the purpose of conveying complicated issues in a manner that others can easily understand. While some forensic accountants and forensic accounting specialists are engaged in the public practice of forensic examination, others work in private industry for such entities as banks and insurance companies or…
Whose Line Is It Anyway? – The Accountant Song
Whose Line Is It Anyway? – Accountant Songs DREW: Welcome back to “Whose Line is it Anyway?”, the show where everything is made up and the points don’t matter. Uh, I don’t know how many points to award because during the commercial I was taking off my pants. (Dances in his seat. Colin gives him…
Event: CPA S’pore Powwow: The Shifting Power Balance: Is Gender the Issue?
Despite global support for the fundamental rights of women and men to participate equally in decision-making, women are still poorly represented at the higher levels of decision-making in both public and private sectors. The 21st century corporate world needs to recognise that the optimisation of women’s talents will boost business performance.
Difference between Carriage Inwards and Carriage Outwards?
Students are often confused about the difference between carriage inwards and carriage outwards. This article demystify the aura of ambiguity around it and the correct accounting treatment to these accounts.
What is the Difference between Sole Proprietorships, Partnerships and Limited Liability Companies?
Sole Proprietorship A sole-proprietor is a person who owns a sole-proprietorship business that is registered with the Accounting and Corporate Regulatory Authority (ACRA). A self-employed person is a person who earns a living by carrying on a trade, business, profession or vocation. A sole-proprietor/self-employed person do not report to a boss, because he is his…
Recognised Accounting Degrees for Practicing as a CA in Singapore
The Accounting and Corporate Regulatory Authority (ACRA) lists the recognised professional qualifications for registration as a public accountant. To be practicing Certified Public Accountant (CPA) in Singapore, an applicant must at the time of his application for registration (a) have passed the final examination in accountancy of one of the following: (i) the Singapore Polytechnic…
How is accounting used in business?
It might seem obvious, but in managing a business, it’s important to understand how the business makes a profit. A company needs a good business model and a good profit model. A business sells products or services and earns a certain amount of margin on each unit sold. The number of units sold is the…
What does an audit report contain?
Most audit reports on financial statements give the business a clean bill of health, or a clean opinion. At the other end of the spectrum, the auditor may state that the financial statements are misleading and should not be relied upon. This negative audit report is called an adverse opinion. That’s the big stick that…
What is acid test ratio and ROA ratio?
Investors calculate the acid test ratio, also known as the quick ratio or the pounce ratio. This ratio excludes inventory and prepaid expenses, which the current ratio includes, and it limits assets to cash and items that the business can quickly convert to cash. This limited category of assets is known as quick or liquid…
