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Title: No par value shares in Singapore a preliminary discussion
Authors: Chae, Yen Tang
Lim, Stanley Bee Kang
Phng, Boon Peng
Keywords: DRNTU::Business
Issue Date: 1997
Abstract: Little thought is given to the notion of par value although it is frequently used in our Companies Act, Statements of Accounting Standards and financial statements. Academics and practitioners alike apparently do not find it necessary to think much about it because the convention of having a par value for shares has been around for a very long time. At the same time, accounting textbooks more often describe the uses of par value rather than explain the reasons for its use. As a result, students and individuals who are new to this idea often find it difficult to understand, or even misunderstand, the concept of par value.
Description: 72 p.
Rights: Nanyang Technological University
Fulltext Permission: restricted
Fulltext Availability: With Fulltext
Appears in Collections:NBS Student Reports (FYP/IA/PA/PI)

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