Filing Financial Statements Made Easier With Latest Enhancements on BizFinx Preparation Tool

Filing Financial Statements Made Easier With Latest Enhancements on BizFinx Preparation Tool

Preparing and Filing Financial Statements Becomes Manageable With Standard Format Enhancements Made Available Corporate companies now can file their financial statements better with new XBRL updates released by the BizFinx preparation tool. Most companies doing business in Singapore are required to file their financial statements and submit them to the Accounting & Corporate Regulatory Authority…

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SFRS(I) and FRS Conceptual Framework Revised

Revisions of SFRS(I) and FRS Conceptual Framework

SFRS(I) and FRS Conceptual Framework Revised by ASC for Financial Reporting Singapore’s Accounting Standards Council (ASC) has issued revisions to the SFRS(I) and FRS Conceptual Framework for Financial Reporting. The changes are effective for annual periods beginning after 1 January 2019. This Conceptual Framework underpins the IFRS standards and sets the fundamental concepts of financial…

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Accounting Standards Council Singapore (ASC) Issues New Amendments

Accounting Standards Council Singapore (ASC) Issues New Amendments

Accounting Standards Council Singapore (ASC) Issues New Amendments The Accounting Standards Council Singapore (ASC) recently issued several amendments to the Singapore Financial Reporting Standards (International) (SFRS(I)s) and Financial Reporting Standards (FRSs). These include annual improvements to SFRS(I)s 2015-2017 Cycle, effective for annual reporting periods beginning on or after 1 January 2019; and improvements to FRSs (March 2018), effective…

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Changes to Financial Reporting Standards in Singapore

Changes to Financial Reporting Standards in Singapore

Changes to Financial Reporting Standards in Singapore To support Singapore’s corporate governance and financial reporting framework, accounting standards are developed for public interest. To promote public confidence in the standards developed from the process, the accounting standard-setting process must be robust and credible.The Accounting Standards Council (ASC) is responsible for the formulation and promulgation of…

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ASC publishes the 2017 volume of FRSs and INT FRSs and the SFRS for Small Entities

ASC publishes the 2017 Volume of FRSs and INT FRSs and the SFRS for Small Entities

ASC publishes the 2017 volume of FRSs and INT FRSs and the SFRS for Small Entities The Accounting Standards Council (ASC) publishes the 2017 volume of Financial Reporting Standards (FRSs) and Interpretations of Financial Reporting Standards FRSs (INT FRSs) and the Singapore Financial Reporting Standard for Small Entities (SFRS for Small Entities)  that is applicable…

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