Rikvin Offers XBRL Filing Services 

by Avenuwe Paula Monday, January 10, 2011
XBRL or eXtensible Business Reporting Language is defined as a language for the electronic communication of business and financial data worldwide. XBRL is open-source software that enables the organization and management of financial data for research and analysis. It also facilitates the communication of financial information online and among businesses with significant accuracy and reliability.

Rikvin, a Singapore based corporate solutions provider recognized the importance of XBRL thus resulting to an offer for Singapore XBRL Service.

According to Rikvin, Accounting and Corporate Regulatory Authority of Singapore (ACRA) has adopted XBRL as part of its overall strategy to streamline financial reporting and to enable the flow of financial information into the international business community, and thus promoting a pro-enterprise environment.

“Note that all Singapore incorporated companies, which are unlimited or limited by shares, must submit financial statements in XBRL format,” Rikvin said.

Rikvin also presented the two options available for filing financial statements in XBRL: Option A _Full XBRL and Option B _Partial XBRL. The following requirements were also mentioned and discussed separately:

● Director’s Report
● Statement by Directors
● Independent Auditor’s Report
● Statement of Comprehensive Income
● Statement of Financial Position
● Statement of Changes in Equity
● Statement of Cash Flows
● All Notes to the Financial Statements
● Mandatory Information denoted by a red asterisk in FS MAnager

Rikvin concluded by giving a brief explanation why there is a need to outsource XBRL Services. “XBRL filing can be time-consuming and daunting process for many companies. At Rikvin, our professional accounting team can assist companies in preparing their financial statements in XBRL format proficiently and cost effectively,” Rikvin said in conclusion.

About the Publisher:

Rikvin provides a complete corporate solution under one roof for which includes assistance to Start a Singapore Company, with the opening of corporate accounts, business registration including accounting, tax, immigration related to work passes visa and compliance services in Singapore. The firm has also helped encourage foreigners to register a Singapore company.

If you are interested in learning more about Rikvin’s Singapore XBRL Filing Services at an affordable rate, please email us at info@rikvin.com or give us a call at +65 64838887.

Rikvin PTE LTD
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines: (65) 6438 8887
Fax: (65) 6438 2436

Rikvin provides Singapore Company Registration service including securing your Singapore Employment Pass and Singapore EntrePass Visa for Singapore Business Migration.

General | Categories: financial, business
0    submitted by Avenuwe Paula
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