The consultant´s journey

Bringing Theory to Practice - By books, articles, research and lectures

Category: Singapore

Index 2015-2016

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In 100 posts this blog covers a lot of topics from the start August 1, 2015 until December 31, 2016. Here’s your helper to find the gems. Happy New year!


Med 100 inlägg täcker denna blogg många ämnen från starten den 1 augusti 2015 till den 31 december 2016. Här är din hjälpreda för att hitta guldkornen. Gott Nytt År!

The dates applies to the entry of each post, not to the event occurred / Datum avser när inlägget publicerades, inte när händelsen inträffade.

There’s really no guessing on which post will become popular, but now we know the results. Below I’ve marked the 10 most visited posts with TOP 1-10! / Det går inte att förutse vilka inlägg som blir populära, men nu vet vi resultaten. Nedan har jag markerat de 10 mest besökta inläggen med TOP 1-10!


International Accounting Standards Board (IASB)


European Union (EU)

Association of Southeast Asian Nations (ASEAN)


Legislation / Lagstiftning

The Swedish Accounting Standards Board / Bokföringsnämnden (BFN)

BAS Account Group / BAS-kontogruppen

Other Authorities and Organizations / Andra myndigheter och organisationer

Legal Assignments / Juridiska uppdrag

Publications / Publikationer


Real Estates / Fastigheter
Performance and Income Planning / Resultat- och inkomstplanering

Articles / Artiklar

Newsletters and Web Articles / Nyhetsbrev och webb-artiklar

Lectures / Föreläsningar

Wolters Kluwer

Other Consultancy Assignments / Andra konsultuppdrag

About the Blog / Om bloggen

Wolters Kluwer Böcker Peter Berg Fastigheter Resultat- och inkomstplanering

”Performance and Income Planning” and ”Real Estates” (Photography Peter Berg)

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Celebrating One Year

World map Världskarta

Today I celebrate my first year blogging with ”The Consultant’s Journey” – And what a journey it has been!

World Communication

Some of the topics are general enough to get readers from multiple countries, which I appreciate a lot. I see a pattern of increasing global reading each time I participate in a group discussion, showing the power of global internet communication, but also when posting about general applicable matters such as harmonization or materiality (see more at the bottom of this post!).

State counting

OK, I’ll confess. I’m collecting states. I guess it’s because of the nature of my profession.

Economy is a world wide matter, especially since accounting developed to be globally harmonized for large and listed entities. That’s not the case for small or medium-sized entities (SME). Harmonizing accounting regulations for SME is therefore one of my big concerns. Within the EU, however, we do have harmonization also for SME, and I’m looking forward to a similar development within the ASEAN Economic Community (AEC).

This first year of the blog have seen visitors from the following 33 countries.

Asia (10 of 48 states)

  • ASEAN (6 of 10 member states)
    • Indonesia
    • Malaysia
    • Myanmar (Burma)
    • Phillipines
    • Singapore
    • Thailand – My new home country
  • …and the rest of Asia (4 of 38 states)
    • Bangladesh
    • Pakistan
    • Russia
    • Turkey

Europe (16 of 44 states)

  • EU (14 of 28 member states)
    • Belgium
    • Denmark
    • Finland
    • France
    • Germany
    • United Kingdom
    • Ireland
    • Italy
    • Lithuania
    • Netherlands
    • Poland
    • Romania
    • Spain
    • Sweden – My country of origin
  • …and the rest of Europe (2 of 16 states)
    • Norway
    • Switzerland

North America (2 of 23 states)

  • Canada
  • USA, Puerto Rico

South America (2 of 12 states)

  • Brazil
  • Colombia

Oceania (1 of 14 states)

  • Australia

Africa (2 of 55 states)

  • South Africa
  • Uganda

Antarctic (0 states) – I only wanted my list of continents to be complete 🙂

So where did most of my visitors come from? Sweden, not surprisingly, since I lived there for 58 of my so far 59 years. And on third place we find Thailand, also natural since I have a lot of connections here. But on second place, squeezing in between Sweden and Thailand, we find USA!

To all of you who visit this blog, a big Thank You 🙂


Which post had the most visitors then? The winner is…

Is there Audit Harmonization in Europe? (July 13, 2016)

The subject relates to all EU member states and three related states, but this post also got attention from other parts of the world, such as USA.

The following posts were the runner-ups.

2. Lecture on Performance and Income Planning (December 3, 2015)

3. Strengthening the Materiality Principle (March 5, 2016)

I should add that many people also read and comment my posts in this blog on LinkedIn and Facebook, based on the extracts I publish there. That spread makes the impact so much greater.

All this encouragement makes it doubtless that I’ll sure continue blogging and developing better and more useful content. See you in my next post!

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Meeting the Swedish Ambassador in Bangkok

DSC04172Mr Staffan Herrström (right), Swedish ambassador in Thailand
(Photo by Ms Karin Herrström)

Today I had the great pleasure of meeting the Swedish ambassador Mr Staffan Herrström at his office in Bangkok.

Large Geographical Area

The Embassy of Sweden in Bangkok covers a large area, being not only responsible for the Swedish connections to Thailand but also Lao PDR, Myanmar and Philippines, although Philippines is about to get its own representation from Sweden.

New to the Assignment but not to the Tasks

Staffan Herrström began his assignment as ambassador in Thailand in the beginning of September 2015.

In my opinion he quickly put a personal touch to his work, among other things by publishing monthly letters on the embassy’s webpage. These monthly letters are well written and an enjoyable reading about his work as an ambassador and the Swedish achievements in the region.

As a Swedish resident in Thailand I don’t want to miss out on this monthly reading 🙂

I presented my view on the development of The ASEAN Economic Community (AEC) in general and the conditions for small and medium sized enterprises (SME) in particular.

Staffan Herrström represents Sweden in four of the ten member states of ASEAN and is understandably engaged in the ASEAN development, as well as AEC. He pointed me in interesting directions for further contacts, something I definitely will follow up during the summer.

BAS Chart of Accounts

I presented the in my opinion unique Swedish concept with a de facto standardized chart of accounts, and the possibilities of exporting the concept to other countries and regions. Staffan Herrström showed great interest, although not being an economist.

Instead he widened the perspective and asked me how big the trade barriers can be for SME when crossing state borders.

I expressed my opinion that these trade barriers are huge for SME, since they don’t have their own internal resources to deal with different regulations in different countries but have to buy consultancy help in each case. This is a big difference compared to large and listed companies, which often have a lot of internal competence and also resources to pay for assistance when needed.


We also talked about issues common with The ASEAN CSR Network. Staffan Herrström recently met Mr Thomas Thomas, whom I met in Singapore in early February (Meeting ASEAN CSR Network).

Supporting Cambodia

Another topic was the Swedish governments newly launched ”Ten measures against tax evasion” (In Swedish: Regeringens 10 åtgärder för att motverka skatteflykt), which among other things involves capacity building in our neighbor country and ASEAN member state Cambodia with the assistance of The Swedish Tax Authority.


Staffan Herrström is of course a very busy person, so I was happy that he could and wanted to spare the time to meet me.

We had good discussions and after the meeting I went to the nearby Landmark Hotel. There I had, for once, a luxury second breakfast feeling that life is good 🙂

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Meeting ASEAN CSR Network


ASEAN CSR Network: Mr. Thomas Thomas and Mr. Jerry Bernas meeting Mr. Peter Berg
ASEAN CSR Network: Mr Thomas Thomas, Mr Jerry Bernas and myself

Last week representatives of ASEAN CSR Network  (ACN) had the kindness to receive me at their office in Singapore.

Operation of ACN

ACN was established 2011 with support from ASEAN Foundation and Japan-ASEAN Solidarity Fund (JASF). ACN says on its web site that ”Promoting Corporate Social Responsibility (CSR)’ is identified as an integral strategy in ensuring sustainable and inclusive socio-economic development in ASEAN”, based on blueprint signed by the heads of all ASEAN member states.

The mission of ACN is ”To promote and enable responsible business conduct in ASEAN to achieve sustainable, equitable and inclusive social, environmental and economic development”.

Represented member states

So far business organisations from seven of the ten member states in ASEAN are represented in ACN, namely founding organisations from Indonesia, Malaysia, Philippines, Singapore and Thailand and participating organisations from Myanmar and Viet Nam.

A short-term priority is to achieve representation from all the member states, where today Cambodia, Laos and Brunei Darussalam are missing.

The meeting

Our meeting originated from a recommendation to me by the Swedish Development Cooperation (SIDA) after a meeting we had at the Swedish Embassy in Bangkok, see my post Meeting SIDA from December 3, 2015.

Mr Jerry Bernas, Programme Director at the ACN secretariat, hosted the meeting which took place on February 2 in their Singapore office after a month of planning. He generously told me about their experiences of working at regional and national level. He is himself a Philippine national, although located at the Singapore office, and could as such combine the regional work with national contacts when needed.

Later Mr Thomas Thomas, Chief Executive Officer of the ACN secretariat and a Singapore national, joined us. He was found to have impressive detail knowledge about the accounting world, although he’s presently not working in the area.

Mr Jerry Bernas and Mr Thomas Thomas gave me plenty of information about their work and also gave me an opportunity to present myself and my expertise.

The need for harmonized accounting for SME

I presented my view of the need of harmonized accounting regulations for small and medium sized enterprises (SME) within ASEAN, in the wake of launching the ASEAN Economic Community (AEC) 2015. I believe this area is often neglected and rests in the shadow of implementing regulations for large and listed enterprises. However, the SME represents a huge number of entrepreneurs and enterprises so very much is to be gained by supporting them with suitable and simplified regulations.

There are several connections to CSR, such as increased possibilities of digital accounting and increased development of digital communication between entrepreneurs and authorities. Digitalisation in theses areas can reduce paper use, which is of environmental interest and supports sustainability. Digital contacts with the authorities can also reduce bureaucracy and prevent unforeseen effects of personal variations in official decisions .

There is also a CSR angle in an easier understood linkage between accounting and taxation for SME, enabling them to pay their share without too heavy administrative and bureaucratic burdens. This also increases the possibility of foreseen official decisions without personal variations.

Thank you

We discussed possible touchpoints between us before Mr Thomas Thomas had to leave.

Mr Jerry Bernas concluded the meeting by whishes of keeping in touch. I thank you both for your willingness to spend this time with me!


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Teaching at HeidelbergCement / Utbildning hos HeidelbergCement

EN: Last Monday October 19 I had the pleasure of meeting a group of economists at HeidelbergCement in Liljeholmen, Stockholm.

HeidelbergCement is one of the world’s largest manufacturers of building materials and employs some 45,500 people in more than 40 countries. I met their economists who are working with the subsidiaries in Sweden and Norway. Swedish subsidiaries are companies as Abetong, Betongindustri, Cementa and Jehander, well known to many Swedes. Within ASEAN they have subsidiaries in Indonesia, Malaysia and Singapore.

HeidelbergCement ordered from Wolters Kluwer an introduction to and training in the software Bokslut, for the financial statements they produce for a large number of companies in the group every year. They also needed a technique for implementing their German chart of accounts into the Swedish reporting structure.

I’m proud to be hired by Wolters Kluwer as the teacher of the day at HeidelbergCement and thanks both parties for an interesting experience!

HeidelbergCement worldwide

HeidelbergCement Sweden

HeidelbergCement Norway

SW: I måndags den 19 oktober hade jag nöjet att träffa en grupp ekonomer hos HeidelbergCement i Liljeholmen, Stockholm.

HeidelbergCement är en av världens största producenter av byggmaterial, med cirka 45 500 anställda i fler än 40 länder. Jag träffade deras ekonomer som arbetar med dotterföretagen i Sverige och Norge. Svenska dotterbolag är företag som Abetong, Betongindustri, Cementa och Jehander, välkända för många svenskar. Inom ASEAN finns dotterbolag i Indonesien, Malaysia och Singapore.

HeidelbergCement beställde av Wolters Kluwer en introduktion och träning i programvaran Bokslut, för att upprätta årsredovisningarna de producerar i stort antal för företagen i gruppen varje år. De behövde också ett tillvägagångssätt för att få in den tyska kontoplanen i den svenska rapportstrukturen.

Jag är stolt över att Wolters Kluwer anlitade mig som lärare för dagen hos HeidelbergCement och tackar båda parterna för en intressant erfarenhet!