Value added statement : from recommended to mandatory?

• Main Authors: Chan, Kate Wee Hoon, Eng, Sing Goy, Tay, Julia Swan Choo
• Other Authors: Nanyang Business School
• Format: Final Year Project
• Language: English
• Published: 2014
• Subjects: DRNTU::Business::Accounting
• Online Access: http://hdl.handle.net/10356/55466
• Institution: Nanyang Technological University

There are many uses of the Value Added Statement (VAS) which led to its rising prominence since the value added (VA) concept was conceived. However, these users were not exploited, especially in the context of Singapore. Although the presentation of the VAS was made a Recommended Practice (RAP 3) almost a decade ago, few companies have attempted to comply with the RAP. The practice of presenting the VAS has also remained merely a recommended practice after so many years.