Cross Pens Make Outstanding Gifts

If you need a special gift for a special occasion, birthday, graduation or special holiday gift; consider the gift of a Cross Pen.

It can be hard to find a good gift for a graduate. A Cross Pen will make an outstanding gift for the graduate that is just going forth into the professional world. First impressions are everything on job interviews and when networking. Having a really nice pen to take down important names, numbers or notes just looks more professional than a leaking, blotting cheap pen.

You can further personalize your gift of a Cross Pen by having it engraved. People tend to keep specially engraved gifts for years upon years. Cross pens can be refilled and used again and again so the engraved gift you give will be useful forever to your pen recipient.

If you need a special gift for your Dad for Father’s Day, consider a Cross Pen with a special message. If your father has retired, the pen will still come in useful for jotting down notes, signing necessary documents and even just writing checks to pay the bills. Choose a humorous saying that means something between you, a simple “I Love You” or his initials will all make great engravings for the pen.

Along with an engraved Cross Pen, you can make the gift complete with either a personalized portfolio to hold appointments (written with a Cross Pen of course); and add in a leather Cross Pen holder for the person that travels or is on the go. The holder fits right into a carry on bag, suit pocket or purse and keeps their Cross Pen neatly tucked away until it is needed.

Cross Pens are constructed to be high quality, non-leaking and always deliver a clean line. This attention to detail in their design has made Cross Pens one of the most recognized names for fine writing instruments around the globe. An engraved pen is an outstanding gift for your groomsmen or bridesmaids. You can have the special date you all celebrated together engraved on the pen and give each of your wedding attendants a special pen as a memento of their participation in your special day.

If you’ve been searching for a good gift and you want to get a special someone a gift that they can use for years to come, consider a personalized Cross Pen that lets them know that they are special to you and they are often in your thoughts, even when they don’t see you face to face.

Strategize Your Advertising with Vinyl Graphics

Marketing and advertising campaigns have taken a new dimension with the technological changes in graphics printing and decals. Adhesives have undergone a major change in the last few years, getting better and safer to use. Earlier the major problem faced by professionals was the high level of chemicals used for application and removal of decals.
New safer, easy to apply vinyl decals have simplified the whole process, that even a layman can apply it.

Vinyl graphics in the form of stickers, banners and decals are in vogue as advertising and marketing tools. Window vinyl graphics is a preferred medium, especially for store windows, car windows and glass fronts. Mainly perforated vinyl graphics are used on glass, as it is safe and does not heat up easily, even on exposure to sunlight.

Another good area which had benefited by using vinyl graphics is the banner advertising sector. Banner graphics are often printed as photo prints with laminations, which have higher chances of curling after multiple uses. The banner stand graphics are easy to set up and transported, but used to get warped fast. With the change over to vinyl graphics, banner stands have started printing on vinyl the same photo prints with amazing results. You get the same vibrant multicolored prints with equal digital quality prints with matt finish on the vinyl, without the fear of curling and warping of the banner.

With banners and decals, vinyl is being use steadily with a rise in advertising features.
The variety available in decals is actually amazing. You have a choice in colors, shapes and sizes giving you the freedom to avail the decal as per your requirement. Decals are cheaper to use than getting wraps on vehicles, making them more popular. Adding to their popularity is the facility of new eco-friendly adhesives which can be applied faster and removed with greater ease, without using heat and chemical applications.

Vinyl decals are here to stay as the cheap effective methods of popular advertisements and an integral part of marketing strategies. You are your own master whether it is applying the decals, removing them, designing them and strategizing your campaign. Although professional auto installers are always there to help you in case needed but the dependence is over. So, market your product and target a wider section of audience with vinyl graphics . Add it to your store window and increase the number of customers or print your trade show banner with it, unlimited choice with better results.

Park Benches – Perfect for Creating an Inviting Outdoor Environment

A great way to make an inviting outdoor environment is to use park benches on your property. It does not matter if they are simple or elegant, a park bench will show your neighbors that you would like the outside of your home to be enjoyed by everyone. Park benches are also a great way to meet people since when people see a park bench in a nice outdoor environment, they usually want to sit down and relax for a while.

In a way park benches are a sort of open invitation for people to have a seat and relax enjoying the outdoors. They can sit down and take advantage of whatever you have around the outdoor areas of your house whether it be a beautiful garden, a pond, or just a nice open space to have a seat. Park benches will also create some beautiful outdoor areas where you can sit with friends and family just visiting or having a little get together. They are also a great place to sit with your neighbors and catch up on the gossip in the neighborhood! The inviting atmosphere that park benches bring about can be a great social atmosphere while enjoying the outdoors.

Park benches are also not especially for the backyard or front lawn as they can also be placed near the front entrance to your home or driveway. Having a park bench placed in the front of your property will give the message of openness to everyone passing by. If you do not want people lingering around your property you should not place park benches where people will be walking by as it can be sending the wrong message when in reality you do not want them hanging out there.

Park benches, along with most types of benches, can be made from a wide variety of materials such as wood, concrete, and metal. Some of the more attractive benches can be made of wood as there are several types of wood that are common with benches. Pine is attractive but is not one of the longer lying woods. Cedar and oak last a little longer and are very attractive woods as well. One of the better woods for benches is teak, which lasts longer and is a very beautiful wood.

One way to ensure that your wood park benches last longer is to weatherproof them. If you do not weatherproof your wooden park benches they can warp, split, and become brittle as well as being less resistant to insects. For metal benches it is also a good idea to coat the metal with some type of rust resistant covering to make sure that the metal does not rust and will stay more stable for a longer period of time. There are many styles of park benches to choose from whether it be a Hyde Park teak bench or a personalized concrete park bench. The style is up to you as they can be great additions for around the outside of your home.

Financial Reporting & Auditing in Singapore

The Accounting Profession of Singapore

The Institute of Certified Public Accountants of Singapore (ICPAS) is the national body representing the accounting profession in Singapore. It maintains a register of qualified accountants comprising mainly local graduates. Membership is open to members of the Institutes of Chartered Accountants of England and Wales, Australia, Scotland, Ireland and a number of other accounting bodies. Generally, prior to being admitted as a full member, they must attend a week-long pre-admission course. Members are designated as certified public accountants (CPA).

The Public Accountants Board, whose council members are appointed by the Ministry of Finance, licenses and registers accountants who wish to practise. It also handles practice monitoring, disciplinary matters and regulations on professional conduct.

Accounting Records in Singapore

All companies incorporated under the Companies Act are required to maintain books of accounts that sufficiently explain the transactions and financial position of the company.

The books may be kept either at the company’s registered office or at another place the directors think fit. If the books are maintained outside Singapore, sufficient records must be maintained in Singapore to facilitate the preparation and/or audit of financial statements that reflect accurately the company’s financial position.

Sources of Accounting Principles

Financial Periods Commencing before 1 January 2003 The principal source of accounting principles in Singapore, namely Statements of Accounting Standards (SAS) and Interpretation of Statements of Accounting Standards (INT), are issued by ICPAS. These standards are essentially International Accounting Standards (IAS) modified for certain transitional provisions. They provide guidelines on the accounting measurements and disclosure requirements. Businesses may depart from such standards if the standards conflict with disclosure exemptions granted by law. Otherwise, ICPAS may take disciplinary action against any of its members who are in violation of the standards.

Rules on accounting measurements are generally established by SAS and INT. Disclosure requirements are governed by SAS, INT and the Companies Act.

ICPAS is a member of the International Accounting Standards Committee (IASC). Compliance with IASC standards are not mandatory, but the institute supports the IASC objectives of formulating and publishing standards for observance during presentation of audited financial statements and promoting worldwide acceptance of such standards.

Financial Periods Commencing on or after 1 January 2003 With the implementation of section 37 of the Companies (Amendment) Act 2002, SAS issued by ICPAS will not be used with effect from annual financial periods commencing on or after 1 January 2003. Instead, Singapore Financial Reporting Standards (FRS), issued by the new accounting standards-setting body, the Council on Corporate Disclosure and Governance (CCDG), are now effective. FRS are essentially adopted from International Financial Reporting Standards (IFRS). The previous SAS were adopted from the same set of IFRS (formerly referred to as IAS) but with modification to certain transitional provisions. Consequently, there are differences between FRS and SAS.

Interpretations of Standards are authoritative guidance on the application of the relevant standards. CCDG adopted all international interpretations as Interpretations of FRS (INT FRS) with effect from financial periods beginning on or after 1 January 2003.

Compliance with FRS is a statutory requirement whereby any non-compliance amounts to a breach of the Companies Act by the directors.

Financial Reporting in Singapore

The Companies Act requires that an audited set of financial statements, made up to not more than six months before every Annual General Meeting, is to be presented to the shareholders at the meeting. Generally if a company incorporated in Singapore has one or more subsidiaries, it must prepare consolidated financial statements unless it meets certain criteria as provided for in FRS 27 Consolidated and Separate Financial Statements. Currently, financial statements under the Companies Act consist of the balance sheet, income statement together with explanatory notes. With the Companies (Accounting Standards) Regulations 2002 coming into operation for financial periods on or after 1 January 2003, a complete set of financial statements will comprise the balance sheet, income statement, statement of changes in equity, cash flow statement and explanatory notes.

The financial statements must be accompanied by the directors’ and auditors’ reports and by a statement from the directors declaring that the financial statements show a true and fair view and that it is reasonable to believe that the company can reasonably pay its debts as they become due.

Companies which meet specific provisions in the Companies Act may be exempt from having their accounts audited but nevertheless must prepare financial statements that comply with the Companies Act.

Annual Requirements for Companies in Singapore

The Companies Act requires every company, except for those exempted in accordance with the provisions in the Act, to appoint one or more auditors qualified for appointment under the Accountants Act to report on the company’s financial statements. The auditors are to ascertain whether proper books of accounts have been kept and whether the financial statements agree with the company’s records. They will then report on the trueness and fairness of the financial statements to the shareholders at the Annual General Meeting.

Audit Exemption Starting with the financial year beginning on or after 15 May 2003, the following companies are no longer required to have their accounts audited. However, they are still required to prepare accounts (and consolidated accounts where applicable) that comply with FRS.

o Small exempt private companies An exempt private company with revenue in a financial year below S$5m is exempted from appointing auditors and from audit requirements. Revenue is defined according to the statutory accounting standards, i.e. the FRS.

o Dormant companies A dormant company is exempted from appointing auditors and from the audit requirements if it has been dormant either (a) from the time of its formation or (b) since the end of the previous financial year. A company is considered dormant during a period in which no accounting transaction occurs, and the company ceases to be dormant on the occurrence of such a transaction. For this purpose, transactions arising from the following are disregarded:

  • Taking of shares in the company by a subscriber to the memorandum
  • Appointment of company secretary
  • Appointment of auditor
  • Maintenance of a registered office
  • Keeping of registers and books
  • Fees, fines or default penalties paid to the Registrar of Companies