Singapore Financial Reporting Standards (International)
Effective for annual reporting period beginning on 1 January 2020
Singapore Financial Reporting Standards (International) (SFRS(I)s) refer to Singapore Financial Reporting Standards (International) and SFRS(I) Interpretations issued by the ASC.
SFRS(I)s comprise Standards and Interpretations that are equivalent to International Financial Reporting Standards (IFRS Standards) issued by the International Accounting Standards Board (IASB). Table of SFRS(I)s and IFRS Standards can be accessed here (PDF, 193KB).
The ASC’s policy intent is that an entity complying with SFRS(I)s can elect to simultaneously include an explicit and unreserved statement of compliance with IFRS Standards in its first SFRS(I) financial statements, and thereafter, in its subsequent SFRS(I) financial statements.
SFRS(I)s issued by the ASC are published for your own personal non-commercial use only, subject to the Terms & Conditions of Use of this Web Site. As SFRS(I)s are based on IFRS Standards and the copyright to IFRS Standards is owned by the IFRS Foundation, permission to use SFRS(I)s for any other purpose is required from the ASC and the IFRS Foundation with regard to SFRS(I)s and IFRS Standards, respectively.
This collection of SFRS(I)s includes official pronouncements issued by the ASC up to 31 December 2019 and are required to be applied for annual reporting period beginning on 1 January 2020. The collection does not include new/revised/amendments to SFRS(I)s which are effective for annual reporting periods beginning after 1 January 2020.
Statement on Applicability
| Reference | Title |
|---|---|
| Statement on Applicability | Statement on Applicability (PDF, 341 KB) |
Preface, Conceptual Framework and Glossary
| Reference | Title |
|---|---|
| Preface | Preface to Singapore Financial Reporting Standards (International) (PDF, 123KB) |
| Framework | The Conceptual Framework for Financial Reporting (PDF, 782KB) |
| Glossary | Glossary (PDF, 696KB) |
Singapore Financial Reporting Standards (International)
SFRS(I) Interpretations
Other supporting documents
Basis for Conclusions on IFRS Standards
The Conceptual Framework and SFRS(I)s should be read in the context of the Basis for Conclusions on IFRS Conceptual Framework and IFRS Standards issued by the IASB. The Basis for Conclusions is not part of IFRS Conceptual Framework and IFRS Standards. It summarises the IASB’s considerations in developing IFRS Conceptual Framework and IFRS Standards. The use of the Basis for Conclusions is subject to the IFRS Foundation's Terms and Conditions (PDF, 171KB) as if it is published on the IFRS Foundation's website.
Basis for Conclusions on IFRS Standards
| Reference | Title |
|---|---|
| Framework | The Conceptual Framework for Financial Reporting (PDF, 392KB) |
The IFRS Interpretations Committee works with the IASB in supporting the application of IFRS Standards, such as by responding to questions submitted regarding IFRS Standards. If the IFRS Interpretations Committee decides not to recommend standard-setting for a question submitted, it publishes an agenda decision to explain its decision. Agenda decisions often explain how the applicable principles and requirements in IFRS Standards apply to the question submitted. They do not have the authority of IFRS Standards. Agenda decisions can be accessed on the IFRS Foundation's website.
Archives
Archived documents can be accessed here.
