Issue 24 (PDF, 212KB) In this year-end issue, we highlight the recent changes in financial reporting standards and other key developments that have an impact on financial reporting. These include fair value discussions during the IASB and FASB round-tables. Companies should start preparing for these changes immediately if they have not already done so. Developments in corporate governance, the filing of financial statements in XBRL, the proposed changes to the SGX Listing Manual and some international developments are also covered.
Issue 23 (PDF, 154KB) In this special report on the credit crisis, we take the opportunity to summarise the Common Principles to Guide Financial Market Reform agreed at the G20 Washington meeting and discuss the steps the IASB has taken to address the credit crisis and fair value accounting.
Issue 22 (PDF, 93KB) In this issue, we discuss the revisions to FRS 1 Presentation of Financial Statements and the amendments to the accounting for FRS 102 Share-based Payment. We also discuss international developments during the last four months: the IASB and IFRIC have issued three revised standards, two new interpretations, three exposure drafts and a discussion paper.
Issue 21 (PDF, 88KB) In this issue, we discuss the key features of the new XBRL filing requirements, focussing on the common implementation issues and suggested approaches. We also discuss the changes in wording to the statutory auditors report and INT FRS 113 Customer Loyalty Programmes, which is effective 1 July 2008, and summarise some key developments that will have an impact on financial reporting.
Issue 20 (PDF, 86KB) In this issue, we focus on the implementation issues for FRS 108 Operating Segments and FRS 23 Borrowing Costs. We also discuss the accounting rules for first-time application of the new or revised International Financial Reporting Standards (IFRS) which are expected to be adopted in Singapore in the near future.