Impact Measurement For Social Good (Part 2 of 2)
TAKEAWAYS The first part of this two-part article highlighted the growing importance of social impact measurement1 (Ang, 2023a; Ang, 2023b), underlining its role in promoting accountability, responsibility, and transparency to strengthen governance and trust within the people sector. It explored common challenges in applying Social Return on Investment (SROI) (Ang, 2023a) – such as managing […]
Impact Of US Tariffs On Singapore
TAKEAWAYS Just three months into his term, the President of the United States of America (US) has announced additional tariffs across countries, obliterating over US$10 trillion in value in the stock market (or 10% of global gross domestic product), effectively sending widespread panic throughout the world. In Asia, the US dollar has weakened against major […]
Budget 2025: Boost In Corporate Tax Revenue
TAKEAWAYS Amid the flurry of giveaways, Prime Minister Lawrence Wong left one significant announcement late in his Budget 2025 Statement delivered in parliament on February 18. A budget surplus of $6.4 billion or 0.9% of Singapore’s gross domestic product is expected for financial year 2024. This very comfortable fiscal position is expected to continue with […]
Impact Measurement For Social Good (Part 1 of 2)
TAKEAWAYS In my previous articles1 (Ang, 2023a; Ang, 2023b) published in IS Chartered Accountant Journal, I had discussed social innovations within the social impact investment sphere. In this piece, I aim to expand on that discussion by providing case studies and elaborating on the social impact measurement models previously suggested. Before examining the implementation of […]
Beyond The Numbers
TAKEAWAYS It all began over coffee. Somewhere in a quiet restaurant in the Dempsey Road area, the leaders of Tech In Asia (TIA) and big bosses from Singapore Press Holdings (SPH) Media found themselves in a conversation that went beyond small talk. They spoke about the challenges of running a media business in an increasingly […]
Two-Dimensional Lookup
TAKEAWAYS In my previous article which compared XLOOKUP and VLOOKUP, I mentioned that XLOOKUP is generally more efficient, except for two-dimensional lookups. But what exactly does that mean? THE PROBLEM Many of our data tables in accounting are two-dimensional, which makes them more readable. For example, if we have a pricing table featuring products and […]
Gaps In Whistleblowing Policies In SGX Companies: Study
Fraud is costly, and early detection is crucial to mitigate losses both financial and reputational. Yet, as the economies of Southeast Asia grow, questionable ethical practices persist, posing a risk to business stability. Among them are the absence of a strong integrity culture, a weak whistleblowing system, and inadequate governance, to name a few. Given […]
Protected: Four FAQs On Revitalising Singapore’s Capital Markets
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ISCA Breakfast Talk: Transformation In Financial Reporting
In today’s disruptive economic climate, transparency in financial reporting is essential not just for compliance, but as a strategic necessity. Companies must adapt their practices to meet regulatory demands, enhance their credibility, and drive sustainable growth amid evolving market expectations. At a recent ISCA Breakfast Talk event titled “Trends, Pitfalls and Solutions to 2025’s Financial […]
Accounting For Sustainability
TAKEAWAYS In today’s business environment, where the insatiable desire to grow profits overshadows environmental and social interests, it is easy to overlook how the actions of economic actors can shape corporate – and environmental – outcomes. In the accounting profession, practitioners exercise scepticism and critical thinking to get their jobs done on a daily basis. […]