The full set of Singapore FRS (SFRS) is available at Accounting Standards Council website. The ASC has also issued the Singapore–Financial–Reporting–Standard for–Small–Entities (SFRS for Small Entities) in December 2010 for financial reporting period beginning on or after 1stJanuary 2011. This...
SFRS for Small Entitiesis based on theIFRS for SMEs. The main differences are the references to Singapore Financial Reporting Standards (SFRS) instead of IFRS, as well as the description of the scope and applicability of theSFRS for Small Entities....
SFRS for Small Entities In December 2010, the ASC issued the Singapore Financial Reporting Standard for Small Entities (SFRS for Small Entities). The SFRS for Small Entities is based on the IFRS for SMEs. The main differences are the references to Singapore Financial Reporting...
Proportionate presentation is not required by Singapore Financial Reporting Standards ("FRS") and is not intended to replace the financial statements prepared in accordance with Singapore FRS. However, since the associates are not consolidated on a line-by-line basis, proportionate information is ...
Likely breach of requisite size condition Loan covenants, where financial institutions and lenders requiring statements in full SFRS Plans for public listing The impact on group companies The full set of Singapore FRS (SFRS) is available at Accounting Standards Council website. There are more than ...