Level 25–01, 3 Church Street, Singapore, 049483
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ACCOUNTING OF SINGAPORE COMPANIES

Accounting is the most important part of annual maintenance of a Singapore company.

Accordingly, the preparation of financial statements is required by law to give a comprehensive picture of a company’s business activity to its stakeholders (those who can affect or be affected by the organization’s actions, objectives and policies).

Examples of key stakeholders in a company include owners (shareholders), directors, employees, government (and its agencies), suppliers, creditors, unions, and the community from which the business draws its resources.

Singapore developed its own financial reporting standards (SFRS) that are in correspondence with International Financial Reporting Standards (IFRS). All Singapore companies prepare financial statements in accordance with SFRS.

Singapore law also prescribes that companies registered in the country must approve financial statements at Annual General Meetings (AGM), and submit annual returns (AR) to the corporate registry administered by the Accounting and Corporate Regulatory Authority of Singapore (ACRA).

Our team of trained and experienced professionals provide all the essential services for Singapore companies related to the preparation of annual financial reports and the submission of annual returns to ACRA.

Please contact us to discuss your accounting needs.