Accounting Services

2020-08-17

Account Training

Account Training In response to the needs of our client base, FOZL provides training services for our client’s accounting staff. We train our accountants to use Singapore’s accounting software systems such as MYOB, QuickBook, XERO, etc, as well as teach them how to organize and maintain important company documents. By becoming a client of our company, you can enjoy our basic financial and taxation training guidance all year round.
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2020-08-17
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Accounting Services

Accounting Services FOZL can tailor our accounting services to meet the needs of our clients. Accounting services include: Providing accounting services using professional accounting software, depending on the complexity and requirements of the accounts. Creating accounts in accounting software and entering accounting transactions. Preparing the following: Balance sheet Profit and loss account Cash flow statement Statement of changes in equity Breakdown of accounts The company’s financial reports
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2020-08-17

Financial Report

Financial Report INTRODUCTION With regard to the financial reporting of Singapore companies, we need to understand the types of financial reports and their key components. Types of Financial Reports for Singapore Companies There are two types of financial statements – audited financial statements and unaudited financial statements. For audit-exempt private limited companies/small companies in Singapore, their accounts can be presented in the form of financial statements with unaudited accounts. For a private limited company in Singapore with an annual turnover of more than S $5 million, irrespective of whether it is exempt from audit, it must present its accounts in […]
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2021-04-13
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Variable Capital Companies (VCC) in Singapore

Variable Capital Companies (VCC) in Singapore About Variable Capital Companies (VCC) The Variable Capital Company (VCC) is a new corporate structure for investment funds constituted under the Variable Capital Companies Act which took effect on 14 Jan 2020. The VCC will complement the existing suite of investment fund structures available in Singapore. Some key features of a VCC A VCC has a variable capital structure that provides flexibility in the issuance and redemption of its shares. It can also pay dividends out of capital, which gives fund managers flexibility to meet dividend payment obligations. A VCC can be set up as a […]
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