Stop Financial Services

Accounting, Financial Reporting, GST, Taxation and Payroll Outsourcing

  Home About Us Services Join Us Contact Us

 

 

XBRL

 

XBRL stand for eXtensible Business Reporting Language (XBRL). It is implemented by Acra Singapore.

It is an online tools that required companies to file its financial reporting figures online. It help to provide greater access of corporate figures and consolidation of the financial information for better and faster analyzing and statistic purpose as compare to PDF or hardcopies filling of Annual Financial Reporting.

 

Who should comply XBRL?

All Singapore incorporated companies are required to file its financial statements in XBRL format except for

 a) Solvent Exempt private company which revenue less than S$5million

b) Banks, Insurance companies and finance companies whose activities are regulated by Monetary Authority of Singapore (MAS)

c) Companies Limited By Guarantee

d) Foreign Companies and their local branches

These Companies in turn shall file its financial statements by attaching the financial statements in its Annual General Meeting (AGM).

 

What are the options available for XBRL filling?

There are 2 options for XBRL filling.

a) Option A- Full XBRL

A full set of Annual Financial Reporting is filed using FS Manager. A full set includes:

- Directors' Report

- Statements by Directors

- Independent Auditors' Report

- Statement of Comprehensive Income (Income Statement)

- Statement of Financial Position (Balance Sheet)

- Statement of Changes in Equity

- Statement of Cash Flows

- All notes to Financial Statement

- Mandatory information denoted by a red asterisks in FS Manager.

b) Option B- Partial XBRL

Partial Annual Financial Reporting is filed using FS Manager and a PDF copy of its full set of financial statements are required to file in its Annual Return. Partial Annual Financial Reporting includes:

- Statement of Comprehensive Income (Income Statement)

- Statement of Financial Position (Balance Sheet)

- Mandatory information denoted by a red asterisks in FS Manager.

 

For details explanation on XBRL services, please refer to http://www.acra.gov.sg.

 

At One-Stop, we help our clients to file XBRL so that our clients can have more time to focus on their business.

Please contact us for the fee charged.

 

Services

  Technical Library

 
 
 
 
 
 
 
 
 
 

 

 

 

 

 
 
 
  Home About Us Services Join Us Contact Us

Copyright One-Stop Financial Services. All Right reserved