Rikvin Provides Singapore Accounting Services

The Accounting Profession in Singapore is dynamic. The city-state’s Certified Public Accountants,
after completing a week’s pre-admission course before they admitted as members of the Institute
of Certified Public Accountants of Singapore are trained to be innovative and abiding to the
standards, ethics and moral as defined by the institute.

For accountants wishing to practice their profession, the Ministry of Finance appointed the Public
Accountants Board to license and register them. Besides that, the MOF is tasked to monitor,
issue disciplinary action, and implement regulations on professional conduct.

Under the Companies Act, all companies registered in Singapore ought to maintain books of
accounts sufficiently itemizing the transactions and financial position of the company. The books
of accounts are instrumental in creating and auditing the financial statements.

From January 2003 onwards, the Council on Corporate Disclosure and Governance [CCDG], the
accounting body authorized to define the accounting standards, declared that the Singapore
Financial Reporting Standards [FRS] it issued shall be biding.

Adopted from the International Financial Reporting Standards [IFRS], the FRS commands
companies to prepare an audited set of financial statements 6 months earlier from the scheduled
Annual General Meeting and which shall be presented to the shareholders during the meeting.

Contained in the financial statements are the balance sheet, income statement, cash flow
statement with explanatory details, and statement of changes in equity.

In a statement supplied by Rikvin’s representative, the participation from the directors of the
company is required.

“Accompanying the financial statements are a separate collective report from company directors
and auditor authenticating the information found on the financial statements to be true and
accurate and which shall be a basis to suppose that the company can satisfy its financial
obligations due.”

Rikvin is a member of the Institute of Chartered Secretaries and Administrators and Singapore
Association of the Institute of Chartered Secretaries and Administrations since 1995. Being a
member of these prestigious organizations provides evidence that the company is competent in
delivering the services it specializes for.

Included in its specializations are bookkeeping, corporate annual tax return filing, assistance and
actual preparation of financial statements, and tax planning and consulting.

Within its bookkeeping services, Rikvin’s representative is quoted.

“Our certified public accountants maintains book cleanup, account receivable and payable
ledgers, and prepares management reporting, financial analysis and statements with review
reports on monthly, quarterly, and year-end activities of the company.”

Moreover, Rikvin perseveres in proficiency in tasks such as bank reconciliation, cash flow or
budgeting statement preparations, and in maintaining fixed assets ledger.

About the Publisher:

Since its establishment in 1995, Rikvin has been serving hundreds of companies with Singapore
accounting service, payroll management service, which includes among others, salary calculation
on a weekly, bi-monthly and monthly basis, salary payment by a bank cheque or bank transfer,
registration and payment of Central Provident Funds, and issuance of IR8A.

Among other services, Rikvin specializes in Singapore Company Registrar, Singapore Gst
Services, registration of a new company as well as compliance with statutory requirements like
nominating a resident director.

The firm has also successfully helped hundreds of foreign companies and individuals form a
Singapore company.

For more information, visit:

http://www.rikvin.com/
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines : (65) 6438 8887
Fax : (65) 6438 2436
Email : info@rikvin.com