NEWS broke on Dec 12, 2014, that three former top executives of Singapore Technologies Marine (ST Marine) were charged in court for corruption and falsification of accounts. Among them is ST Marine's ...

When business owners spend money, they expect results. However, determining which expenses bring an acceptable return on investment (ROI) can be challenging. The expense recognition principle can help ...

What's at stake: Whether accounting organizations can successfully convince talented professionals to build long-term careers. Expert quote: "Continually asking how we can do better." — Lee White, CEO ...

Ethical and Legal Considerations in Accounting Best practices for maintaining the trust and confidence that are the lifeblood of the global financial system. Professional ethics encompass the personal ...

Accounting is a comprehensive system for collecting, recording, classifying, summarizing, interpreting, and communicating financial information. It is often referred to as the language of business as ...

The cost principle is an important part of financial reporting, as it encompasses the value of a business asset. By recording the cash value of an asset when it is acquired, you’ll understand its ...

The guidance reflects growing awareness that practitioner well-being directly supports professional performance.

When you glance at a company’s income statement, you see its revenues and expenses neatly listed, culminating in that all-important net profit figure. But have you ever stopped to wonder when those ...