Are Employees Afraid To Air Their Grievances?
TAKEAWAYS Despite having proper grievance-handling procedures and channels in place, employees may still hesitate to raise their concerns due to fear or perception of mistrust. Some may opt to remain silent even when facing unfair treatment or harassment at the workplace. If left unaddressed, these grievances can affect employee morale, productivity and ultimately, the company’s […]
Five Pillars Of Successful Digital Transformation
TAKEAWAYS Companies are expected to continue investing in digital transformation while facing increasing pressure to produce results, according to an EY-Parthenon Digital Investment Index (DII) survey of C-level executives from large companies around the world. They are also under mounting pressure to accelerate the launch of technology-enabled products and services and achieve efficiencies. Over 40% […]
Be Patient And Adaptable; Develop Relationships
TAKEAWAYS As the Chapter Chairperson of ISCA, I am deeply honoured and eager to share my experiences and insights. In this role, I represent not only our organisation but also the interests and voices of a broad community of accountancy professionals. As a professional accountant, my experience in conducting business overseas has enriched my career. […]
Workplace Wellness Facilities Get Top Priority
While it used to be only the bigger companies that offered a well-stocked pantry, recreation rooms and rest/chill areas, these days, even small and medium-sized enterprises (SMEs) want to offer such facilities, for the well-being and happiness of their employees. According to the SME Workspace Preferences Study of 800 SMEs by flexible workspace provider JustCo […]
ISCA Lunch Talk On Cyber Hygiene
The ISCA Lunch Talk on June 19, titled “Making Cyber Hygiene Your Organisation’s Top Digital Priority”, reinforced the importance of building a firm foundation in cybersecurity, provided an overview of prevalent cybersecurity risks, and discussed the urgent need to implement robust cyber hygiene practices. The event, held at ISCA House, was conducted jointly by Alvin […]
Section 10L: Foreign To You?
TAKEAWAYS “For the purpose of Section 10L of the ITA, the tax residency of the lender will determine whether the loan is situated outside Singapore; how the loan is recognised in the borrower’s books is irrelevant. For example, if a loan is given by a company which is tax resident in a jurisdiction outside Singapore, […]
XLOOKUP Or VLOOKUP?
TAKEAWAYS We accountants are big fans of lookup functions. Outside of accounting software, we handle and process financial data that move from one worksheet to another before finally appearing in financial reports. Lookup functions are crucial because they prevent the multiple entry of the same data, which boosts both accuracy and efficiency. But which lookup […]
Indonesia: SEZs To Fuel Tech And HR Development
Special Economic Zones (SEZs) have proven to be a strong driver of regional and national economic development for Indonesia, according to a statement issued by the government on June 201. In the first quarter of 2024, around 20 SEZs recorded sterling achievements, including investments of IDR15.1 trillion (US$914.63 million), employment of 9,342 workers, and the […]
The Future Of AI In Accounting
TAKEAWAYS In recent years, the accounting sector in Singapore and around the world has seen significant transformations largely driven by advancements in artificial intelligence (AI) and automation technologies. As these tools become more integrated into accounting practices, they promise substantial changes in how accountants work and deliver value. While businesses are gradually integrating AI into […]
Your Dream Job May Not Exist, And That’s Okay
TAKEAWAYS For decades, the mantra “follow your passion” has been one of the most popular pieces of career advice. Ever since Steve Jobs famously told Stanford graduates back in 2005 to “find what you love”, university students have been nudged to pursue careers that align perfectly with their personal interests. But this approach can be […]