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Refer to Annex below for the lists of requirements for factory converted dormitory. Do note that MOM will only support applications for the following types of Factory Converted Dormitories (CDs):
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The explanatory notes application is used to provide additional information and context for specific items or transactions in financial documents, ensuring clarity and understanding.
Entities that need to clarify their financial statements or provide more detailed information about transactions, including businesses and organizations, are required to file an explanatory notes application.
To fill out the explanatory notes application, provide the relevant details pertaining to the item in question, include explanations and supporting information, and ensure that all sections of the application are completed accurately.
The purpose of the explanatory notes application is to enhance the transparency and comprehensibility of financial statements, helping stakeholders understand the rationale behind certain accounting practices or financial decisions.
The information reported on the explanatory notes application typically includes descriptions of transactions, accounting methods used, assumptions made, and any relevant details that may affect financial comprehension.
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