Asiabizservices Provides Singapore Company Director's Report Drafting and Filing Services 

A company that helps foreign individual, entrepreneur or a business professional who wants to setup a Singapore company as an individual.

by Kaellea Rewsna Kaellea Rewsna Thursday, January 06, 2011
The Director’s Report, prepared following the Financial Reporting Standards, is a “compilation of the company’s unaudited Financial Statements including income statements and balance sheets with supporting explanation and disclosure of accounting policies exploited by the company, declaration of company’s activities, and shareholder and director’s interests,” according to the authorities in Singapore.

Asiabiz Services believes the task of preparing the Director’s Report as part of the Financial Statements of the company is laborious. Chi Han, one of its business analysts articulates that a Director’s Report “must be prepared with accuracy and in good faith as it represents the true and real financial position of the company within its Financial Year.”

The Financial Year refers to the fiscal year of a company and which serves as the basis for discerning the company’s deadline for submission of its annual requirements with ACRA and IRAS respectively. Han divulges that each company reserves the discretion to choose its own Financial Year. Many companies prefer the end of the calendar year as their Financial Year. Thus, every end of their Financial Year, all companies must submit to ACRA their Financial Statements. Included in the Statement is the Director’s Report.

Since the preparation of a Director’s Report is a tremendous undertaking, many companies are inclined to employ the professional services of accounting firms to perform such responsibility in their behalf. As a corporate solution provider, Asiabiz Services specializes in bestowing accounting assistance including drafting, finalizing, and filing of Financial Statements, with Director’s Report as among the principal contents.

Chi Han chimes, “Asiabiz Services’ team of dynamic accountants is trained for meticulous processing of complex records of financial transactions. We help by choosing and applying the ideal accounting policies, preparing the Financial Statements and Director’s Report according to the international accounting standards, and demonstrating information such as accounting policies to have insights.”

The Director’s Report is more than just a display of a company’s set of initiatives and their corresponding consequences and thereby determining its financial position. Han expresses the importance of such document.

“It is a tool of power directors and shareholders may use to interact with interest groups for the company’s benefits.”

Some of the interest groups that are interested in looking into a company’s Director’s Report include fellow investors, creditors, institutions, government bodies, and business analysts.

In Singapore, many companies benefit from Asiabiz Services’ assistance in drafting and filing the Director’s Report. It does so with concern of time as IRAS, the taxing authorities grants privileges such as paying the taxes in several installment options, when Director’s Report and the rest of Financial Statement is submitted on time.

About the Publisher:
Asiabizservices offers one-stop business solutions to companies, particularly, those that are managed and owned by foreign investors. Since its inception, Asiabizservices has successfully helped foreign entrepreneurs start a Singapore company. Among its specializations are Singapore company setup, corporate services, accounting services, nominee services, company registration, whether as a sole proprietorship, private limited, limited liability partnership; offshore company formation, incorporation of foreign companies either as a branch or subsidiary office, Singapore accounting services including payroll preparation and more.

Asiabizservices is the leading provider of Company Incorporation services and has successfully helped thousands of both local and foreign entrepreneurs Incorporate a S. It also provides chartered secretarial services.

For more information visit:
AsiaBizServices PTE LTD
address: 120 Telok Ayer Street Singapore 068589
phone: +6563034614

Singapore Company Formation Service, We provide company registration,incorporation, immigration, accounting and taxation services to entrepreneurs and businesses worldwide.

General | Categories: financial, business
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