IFRS

Navigating the Changes to SFRS

We have published the 2018 edition of ‘Navigating the changes to Singapore Financial Reporting Standards: a briefing for Chief Financial Officers’. 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.
 
The publication covers 31 March 2018, 30 June 2018, 30 September 2018, 31 December 2018 and 31 March 2019 financial year-ends.

How to use the publication
The publication is designed to help entities planning for a specific financial reporting year end identify:

  • changes mandatorily effective for the first time
  • changes not yet effective
  • changes already in effect.

Identifying the commercial significance of the changes in the publication
For each change covered in the publication, we have considered its commercial implications. These sections focus on two questions:

  • how many entities will be affected?
  • what will be the impact on affected entities?

A traffic light system indicates our assessment of the answers to these questions. 

Guide
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