openPR Logo
Press release

Singapore Plays Pivotal Role in Accounting Services

11-06-2010 02:22 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Rikvin PTE LTD

The Accounting department is the backbone of every business large and small. From it springs the strategies instrumental to the business’ future. It conveys to the public, particularly to the land’s law and generally to fellow investors the financial position of that business. So crucial is the role of accounting that businesses cannot exist without the expertise and aptness of accounting professionals.

Just how an economy fares can be ascertained on how well its businesses turn out—either poorly or proliferating. Doubtless, economies with stable growth from businesses organizations may entail that accounting practices have been remarkable for how else can a business investor know how which decision to implement not only to stay in business, but to develop as well, if not through the principles underlying the accounting and its ensuing functions?

Singapore understands very well the pivotal role of accounting. Since 2009, the city-state has become a host to Southeast Asia’s first office of Institute of Chartered Accountants in England and Wales, (ICAEW) coordinating and supporting ICAEW initiatives across Vietnam, Thailand, Philippines, Myanmar, Indonesia, Laos, Cambodia, Brunei, and Singapore.

With its objective of helping these economies to compete globally, ICAEW, the world’s largest accountancy and finance organization, is resolute in providing training of the ACA qualification to countries across the South East Asia region. Among others, governments and regulators of these South East Asia will be given access to the institute’s knowledge and expertise.

“For a business to see success, it needs to operate in a framework attractive to investors and simultaneously enabling it to export services or products” remarked ICAEW’s president, David Furst, during the launching of Singapore’s ICAEW office, “the regional office established in Singapore will endeavor to help build that framework and share with SEA’s economies the experience gained from other markets across the borders.”

In line to such objective, Singapore’s Committee to Develop the Accountancy Sector (CDAS) issued a recommendation to the Association of Chartered Certified Accountants (ACCA) to implement the former’s initiatives which will touch on three key elements that are all centered on Singapore’s goal of becoming the leading center in Asia and beyond for Accountancy Talent, Education, Thought Leadership and Professional Development.

“The initiatives bestow a concrete map for the profession in Singapore, constructing the city-state’s already high-end reputation on the international platform,” commented ACCA’s Chief Executive Helen Brand of the implementation procedure.

For many years, Rikvin, a corporate solution provider based in Singapore and which composed of an extensively trained and experienced Business Advisory Team has been extending accounting services to offshore companies wishing to explore the business potential in Singapore.

Among its specializations are bookkeeping, GST registration and filing, payroll service, personal income tax service, and accounts payable services including an issuance of sales invoices and payment vouchers.

“Our existence depends on the satisfaction our clients experience firsthand,” promised Evio Yngave Zarkov, Rikvin’s Senior Team leader and whose expertise includes providing accurate bookkeeping, “being in the industry for more than a decade is a proof of our unwavering competitiveness in the market.”

Besides accounting, Rikvin provides walk-through services to foreign investors in setting up a business enterprise in Singapore.

Our office is located at Raffles Place, in the heart of the Singapore business district. ("CBD") If you're in our neighborhood and want to discuss any aspect of our service then feel free to come in to our offices during business hours.

Rikvin is the leading Singapore Company Registration Services Specialist and has successfully helped thousands of foreign entrepreneur form a Singapore Company. The firm provides a complete corporate solution under one roof for Singapore subsidiary company, incorporation company registration of private limited companies with the opening of corporate accounts, business registration including accounting, tax, immigration related to work passes visa and compliance services in Singapore.

Rikvin PTE LTD
Address: 20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Phone: +6564388887
Website: http://www.rikvin.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Singapore Plays Pivotal Role in Accounting Services here

News-ID: 150795 • Views: 750

More Releases from Rikvin PTE LTD

Why 2011 is the Best Year to Hire Rikvin for Company Registration Services in Si …
GfK Asia, the world’s leading market research firm recently conducted a survey in Pan Asia and conveyed its result at the 18th Hong Kong Optical Fair with Hong Kong Trade Development Council as the host, saying the key industries in Asia, particularly Singapore, Hong Kong, Malaysia, South Korea, Taiwan, and Thailand are optimist that the industry will continue to develop or surpass this year’s outstanding performance come year 2011. In the
Rikvin Discussed How To Incorporate a Singapore Company
Rikvin, a leading Singapore based business registration firm has been providing a complete range of corporate services under one roof, which includes Singapore company formation, foreign company registration, statutory administration, accounting, tax filing, immigration and related corporate services to individuals and corporation worldwide. Since statistics shows that there has been a continued increase in Singapore company incorporation and that this number will double by the start of 2011, Rikvin presented basic
Rikvin Delivers Company Registration Services
Singapore’s efficient and attractive tax exemption strategy is of particular benefit among maritime businesses. In a survey spearheaded earlier this month by Faststream, a maritime recruitment based and founded in the United Kingdom and which canvassed chartering managers and shipbrokers, it reported the city-state being the world’s most favored location for a job, leaving behind Geneva and London. “In shipping, Singapore provides government incentives for non-Singaporean enterprises,” beamed Gervais Green, the
Rikvin Talks About Sole proprietorship The Simplest and Most Flexible Structure
For Immediate Release Before starting a business in Singapore, it is important for a person to determine what structure is the most applicable for the operation and the one that can help him meet his business goals. According to business registration firm Rikvin, there are three basic types of business structures in Singapore: the sole proprietorship, partnership, and company. The Singapore Sole proprietor is the simplest and most flexible structure since only one

All 5 Releases


More Releases for Singapore

ITIL Singapore
ITIL Singapore Certification Training at Vinsys. Get ITIL Training with EXIN & PeopleCert Accredited ITIL Certification Training with IT Tactic of Business Vision ITIL Singapore. ITIL Foundation Singapore is the most widely recognized entrance-level ITIL certification for IT professionals. IT departments need qualified specialists who can carry effective IT services. This ITIL Singapore training will show you the ITIL Singapore services lifecycle, how lifecycle steps are linked, processes elaborate, and finest
Baby Food in Singapore
The Singaporean baby food market is small in terms of total size, but highly developed in terms of per capita consumption. The fluctuations in the number of births have a clear effect on sales. In value terms, almost 90% of the market consists of baby milks, with the bulk of the remainder split between baby meals/drinks and baby cereals in 2015. In volume terms, milk accounts for 76.9%, wet meals
Jewellery Market in Singapore
Summary This report helps to analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Jewellery in Singapore Description Consumers in Singapore are becoming more adventurous and are increasingly opting for exclusive and unique designs to differentiate themselves. For example, there is growing demand for non-diamond engagement rings in Singapore, with home-grown label Carrie K witnessing a 15% boost in sales for
Hosiery in Singapore
Orbis Research delivers key insights on the Hosiery market in a new report titled “Hosiery in Singapore” In this report, Orbis Research sheds light on the various factors and trends impacting market growth over the forecast period. Hosiery in Singapore is an accessory, not a daily necessity, due to the hot and humid climate. Therefore its growth largely depends on fashion trends, particularly men’s desire to accessorise with the colourful addition
WBLCA & Technology Seminar Singapore
Just as technology has reshaped how individuals communicate and how organizations do business, it also having a profound impact on the practice of law. Technological developments are affecting management strategies in corporate legal departments, and changing how legal services are delivered. Venue: Singapore (Hotel Mandarin) Date: 15 May 2016 Registration: 8.15am to 9.00am (Singapore Time) Event: 9.00am to 5.00pm WBLCA & Technology Seminar examines both the: (a) legal challenges (b) opportunities
Avolution Opens Singapore Office
Avolution, developer and supplier of software solutions for enterprise modeling, planning and IT strategy, announced today that it has opened a South East Asian office in Singapore. The announcement follows strong growth throughout 2014, which is projected to increase further over the next twelve months. “South East Asia continues to be a strong region for Avolution,” said Mark Denford, Asia-Pacific Manager, “and Singapore is at the centre of this growth. Singaporean government