27th Jun
Get ready for FRS 115 (NotAvailable)

Navigating the Changes to SFRS

22 Feb 2019

The publication is designed to give Chief Financial Officers a high-level awareness of recent changes that will affect companies’ future financial reporting. It covers both new Standards and Interpretations that have been issued and amendments made to existing ones, giving brief descriptions of each.

Get ready for IFRS 17

12 Jun 2017

After twenty years of development the IASB published IFRS 17 ‘Insurance Contracts’. This new Standard replaces IFRS 4 which was published in 2004.

Insights into FRS 116: Major changes to lease accounting

06 Sep 2019

This publication explains the key changes to the accounting for leases by lessees and provides practical insights into its application and impact.

Accounting for revenue – the new normal: FRS 115

25 Jun 2018

The Accounting Standards Council Singapore issued Financial Reporting Standards FRS 115, Revenue from Contracts with Customers and aligns the adoption of revenue recognition standards in Singapore to the global adoption of new revenue recognition standards under IFRS and US GAAP.

Get ready for FRS 109: Classifying and measuring financial instruments

30 Jul 2018

FRS 109 introduces a new approach for financial asset classification; a more forward-looking expected loss model; and major new requirements on hedge accounting.

What does it mean for the manufacturing industry

04 Sep 2018

The implementation of FRS 115 is likely to impact business in varying degrees and the impact for affected companies is expected to pervasive (with changes to systems and processes) and not limited to accounting function alone! Read our report to know more.