1.Main Source of Regulation of Financial Reporting in capital of Singapore The Council on Corporate Disclosure and Governance (CCDG) was established on 16 August 2002 to prescribe chronicle standards for Singapore-incorporated companies, and to review and adjure corporate governance and disclosure practices on a belong earth. The write up standards prescribed by the CCDG are known as Financial Reporting Standards (FRS), which are closely modelled after the spheric Accounting Standards and internationalist Financial Reporting Standards issued by the world(prenominal) Accounting Standards Board. With the enactment of the Accounting Standards Act and the dissolution of the CCDG on 1 Nov 2007, the Accounting Standards Council (ASC) took over the task of prescribing accounting standards from the CCDG. In addition to prescribing accounting standards for companies, the ASC will also prescribe accounting standards for charities, cooperative societies and societies FRSs app ly to all familiar conception fiscal statements. They set out recognition, measurement, presentation and disclosure requirements dealing with minutes and events that are important in general purpose financial statements. They also set out such requirements for transactions and events that scrape away mainly in specific industries.
FRSs are base on FRS Framework, which addresses the concepts underlying the information presented in general purpose financial statements. The objective of the FRS Framework is to despatch the accordant and logical formulation of FRSs and to provide a basis for the pulmonary tub erculosis of judgement in resolving accounti! ng issues. 2.Core railway line of Fraser and Neave Ltd Founded in 1883 and incorporated as a limited connection in 1898, in a carbons time, F&N had ventured from a soft drinks base, into the telephone line of brewing, dairies, glass nursing bottle manufacturing, property development and management, and publishing & printing. F&N aims to be a world-class transnational enterprise with...If you want to fetch a full essay, mark it on our website: OrderCustomPaper.com
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