1. Accounting Policies and Implementation:

Our Technical Accounting Services in Singapore encompass the development and implementation of accounting policies aligned with the Singapore Financial Reporting Standards (SFRS) and International Financial Reporting Standards (IFRS). Our scope includes:

• Assessment and review of existing accounting policies and practices to identify gaps and recommend improvements.

• Development of comprehensive accounting policy manuals tailored to the client's industry and business model.

• Guidance on the implementation of new accounting standards, including the adoption of complex accounting treatments and transition strategies.

• Training and workshops for finance teams to ensure a thorough understanding and consistent application of accounting policies.

2. Complex Accounting Transactions:

We provide expertise in addressing complex accounting transactions and financial instruments in accordance with the SFRS. Our services include:

• Assessment and accounting treatment of revenue recognition for complex sales arrangements, including multiple deliverables, long-term contracts, and bundled services.

• Guidance on accounting for complex financial instruments, such as derivatives, convertible securities, and structured products.

• Evaluation and accounting treatment for business combinations, including purchase price allocations, goodwill impairment testing, and intangible asset recognition.

• Support with accounting for leasing arrangements, including the implementation of SFRS 16 Leases.

3. Financial Instruments and Hedge Accounting:

Our team specializes in assisting clients with the accounting and reporting of financial instruments. Our scope includes:

• Assessment and classification of financial instruments, including the determination of fair value, amortized cost, and equity classifications.

• Guidance on the appropriate accounting for financial instrument derivatives, embedded derivatives, and hedging activities.

• Implementation and maintenance of hedge accounting programs, ensuring compliance with SFRS requirements.

• Valuation of complex financial instruments, including the use of fair value models and techniques.

4. Technical Research and Advisory:

We provide comprehensive technical accounting research and advisory services to address unique and complex accounting issues. Our services include:

• Research and analysis of emerging accounting standards, regulatory updates, and industry-specific guidance.

• Preparation of technical accounting memos and position papers to document and support accounting treatments.

• Interpretation and application of accounting standards to address complex transactions, unique business arrangements, and specialized industries.

• Assistance with resolving complex accounting issues through consultations, discussions, and presentations to relevant stakeholders.

5. Financial Reporting and Disclosures:

We ensure compliance with financial reporting requirements and assist with enhancing the clarity and transparency of financial disclosures. Our services include:

• Review of financial statements and accompanying notes to ensure compliance with SFRS and disclosure requirements.

• Assistance with the preparation of financial statements and footnotes, including the disclosure of significant accounting policies, estimates, and judgments.

• Guidance on the presentation and disclosure of complex transactions, related-party transactions, and non-routine items.

• Compliance with specific reporting requirements for regulatory bodies, stock exchanges, and industry-specific guidelines.

With a focus on technical accuracy, regulatory compliance, and industry-specific guidance, we support clients in navigating the evolving accounting landscape and maintaining financial transparency. Trust our experienced team to provide comprehensive technical accounting solutions tailored to your organization's needs, ensuring adherence to the highest accounting standards in Singapore.