Tianlong Articles about Accounting, Finance and Business

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lodge register of registrable controllers

How to lodge registrable controllers in ACRA

Many of you should have received a letter from Accounting and Corporate & Regulatory Authority (ACRA) by now regarding the need to lodge registrable controllers …

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Lifting of the corporate veil

Despite the general rule that the company is a separate legal entity from its members, there are circumstances when the courts are sometimes asked to …

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Accounting for Data Analysis

What is the role of data analysis in the accounting world? Introduction Data analytics is the science of conveying raw data to make it understandable, …

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The Ledger Concept and the Trial Balance

Where is accounting information stored? The central database for accounting transactions is the ledger. The primary storage area is the general ledger, but information can …

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The financial statements

Introduction to The Financial Statements

The financial statements are used to present the results of operations, financial position, and cash flows of a business. They are used by the shareholders, …

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Closing the Books

The concept of closing the books refers to summarizing the information in the accounting records into the financial statements at the end of a reporting …

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The Chart of Accounts – Included sample to download

The chart of accounts defines how accounting information is stored. A properly structured chart of accounts makes it much easier to accumulate and report on …

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An overview of Bookkeeping

Introduction Before a bookkeeper can engage in accounting activities, it is first necessary to understand the basic underpinnings of accounting, as well as the general …

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What is a Bookkeeper?

Introduction The bookkeeper position covers an exceptionally broad range of activities. It requires a person to be able to shift rapidly between many activities during …

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