Financial Reporting Standards (FRSs)

A resource catered for the busy accountant. The pace of change of accounting standards in Singapore increased significantly since 2005. The standards and relevant references have been categorically captured, web-linked and will be continuously updated on this page specially created for the accounting community. Three main sections: (1) Changes by FY; (2) Exposure drafts; (3) References

Changes in FY 2011 (@ 22/10/2010)

Revised FRS 24 Related party disclosures - Eff. 1/1/2011

Amendments to FRS 32: Classification of rights issues - Eff. 1/2/2010


Amendments to FRS 101: Limited exemption from comparative FRS 197 - Eff. 1/7/2010

Improvements to FRS : 2010 - Eff. 1/7/2010 or 1/1/2011 (generally)

INT FRS 115 Agreements or the construction of real estate - Eff. 1/1/2011

(supercedes RAP 11)

INT FRS 119 Extinguishing financial liabilities with equity instruments - Eff. 1/7/2010

Amendments to INT FRS114 - Eff. 1/1/2011

SFRS for Small Entities - Eff. 1/1/2011


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