Tianlong Articles about Accounting, Finance and Business
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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 …
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 …
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, …
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 …
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, …
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 …
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 …
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 …
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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