TT Profession

There may be the situation the company disposal its PPE to a related company and then onward sell to a third party. The disposal will be...

In a restructuring under common control, the investment in subsidiary is usually transferred at its cost of investment by way of new...

In group restructuring under common control, the investments costs usually by way of new issue of shares in consideration for the issued...

Woods means a small land and trees is forest the sense is missing the big picture by concentrating on the details.

In valuing a business or business interest, the most frequently used approaches are market approach or income approach. Cost approach is...

Covid 19 still evolving and uncertainty in future. It will affect most of the companies in the world. In preparing the financial...

For non-consolidation of significant subsidiary is a non-compliance of accounting standard SFRS110. Non-compliance of SFRS is an evident...

When translating foreign operation into the presentation currency of the group, the assets and liabilities are translated at year end...

FRS116 requires finance lease under FRS17 to classify as Right-of-use assets and lease liability on adoption from 1 Jan 2019. The main...

The incremental borrowing rate is defined in FRS116. It is not the borrowing rate of the company. So the challenge is how to get the...

The COVID-19 and circuit breaker in Singapore is a subsequent event for company with financial year ended 31 Dec 2019, or a mixture of...

Per SSA 570(revised), we should assess the period same as management assessment at least, but not limited to, 12 months from the date of...

You must be passionate to your work. Then, you will pay attention to do your work with your heart. You are not just to complete the work.

Audit engagement is team work. Each of the team members play his role and is important to the successful completion of the audit...

For start up, they need seed funds to develop their new ideas into a successful business. The key is how much would you new idea worth. ...

When performing the audit or other advisory work, it is important to understand the business. It enable you to anticipate the key areas...

In an audit process, understand the company’s business is utmost important. It is because only when you know the business, you will know...

In the initial application of FRS116. There are two way to recognize right of use assets under adjustment to opening balance 1 it is to...

FRS116 is started to compute from 1 Jan 2019 with remaining lease term more than 12 months take into account of option to renew.

For trade receivable, we apply simplified approach to estimate the ECL rate. We would know the total doubtful debts for the total sales...