Financial Reporting Bulletins

Financial Reporting Bulletin (FRBs) are informative/educational publications issued to highlight emerging topical issues for consideration by the accountancy profession in Singapore.

FRBs have been approved for issue by ISCA Financial Reporting Committee.

For the due process relating to the issuance of FRBs, please refer to the ISCA Financial Reporting Codification Framework

FRB

Description

 

Issuance Date

1

Frequently Asked Questions on application of Financial Reporting Guidance 1 (“FRG 1”)

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9 March 2020

2

Accounting implications arising from COVID-19 for entities with 31 December 2019 financial reporting date

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27 March 2020

3

Classification of liabilities as Current or Non-current (Amendments to IAS 1)

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15 April 2020

3 (Revised)

Classification of liabilities as Current or Non-current (Amendments to SFRS(I) 1-1)

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30 October 2020

4

Frequently Asked Questions on application of ISCA Financial Reporting Codification Framework

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15 April 2020

5

COVID-19 Government Relief Measures: Accounting for Singapore property tax rebate from the perspective of the landlord and the tenant

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19 April 2020

6

COVID-19 Government Relief Measures: Accounting for the grant provided by the Singapore Government for wages paid to local employees under the Jobs Support Scheme

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7 May 2020

6 (Revised)

COVID-19 Government Relief Measures: Accounting for the grant provided by the Singapore Government for wages paid to local employees under the Jobs Support Scheme

[Revised to incorporate enhancements made to the Jobs Support Scheme (JSS) as announced in the Fortitude Budget on 26 May 2020]

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15 July 2020

6 (Revised Sep 2020)

COVID-19 Government Relief Measures: Accounting for the grant provided by the Singapore Government for wages paid to local employees under the Jobs Support Scheme

[Revised to incorporate enhancements made to the Jobs Support Scheme (JSS) as announced in the Ministerial Statement on Continued Support for Workers and Jobs on 17 August 2020]

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25 September 2020

7

COVID-19 Government Relief Measures: Accounting for Rental Relief Framework for Small and Medium Enterprises (SMEs) and Non-Profit organisations (NPOs) from the perspective of the landlord and the tenant

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5 November 2020

8

COVID-19 Government Relief Measures: Accounting for Foreign Worker Levy Waiver & Rebate

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24 December 2020