Singapore FRS

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As a measure to address the specific need of the international SMEs IASB issued an IFRS specifically for SMEs in 2009. Following this, Accounting Standards Council (ASC) of Singapore also announced the issuance of Singapore Financial Reporting Standard (SFRS) for Small Entities in November 2010. The SFRS for Small Entities is an alternative framework to the full SFRS for eligible entities in Singapore. SFRS for SE is closely aligned to IFRS for Small Entities, and it was issued after elaborate consultation with the stakeholders. It provides an optional financial reporting standard for small entities for reporting periods beginning on or after 1 January 2011.

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Quality work delivered based on instructions given. I have good understanding of the subject matter and i would like to help you.

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