• Can I Prepare My Own Company Financial Statement in Singapore?

  Preparing a company’s financial statement is a complex process that only qualified accountants should undertake. If you are not familiar with the accounting and financial reporting standards in Singapore, it is best to engage the services of an accountant, like Swiftly, to ensure compliance with ACRA & IRAS requirements.Few readers

• Why Prepare Financial Statements when management accounts will do just fine?

  You need to prepare financial statements simply becauseFew readers

• What services are included in the Preparation of Financial Statement?

  Preparation of Financial Statement includes:Few readers

• Do I need to prepare Financial Statement if ACRA states that my company don't need to submit it?

  Even though you are not required to file the financial statements, you will still be required to prepare it. Under sections 201(2) and 201(5) of the Companies Act (the ""Act""), directors are responsible to present and lay before the company, at its annual general meeting, financial statements that: comply with Accounting Standards1 issued by the Accounting Standards Council; and give a true and fair view of the financial position and performance of the company. In addition, direcFew readers