Singapore

KPMG IFRS Institute 

Having a common language about financial information is important for doing business.

Embodied in the International Financial Reporting Standards (IFRS) set by the International Accounting Standards Board (IASB), the benefits of converting to IFRS include greater comparability of financial reporting across borders and capital markets, and creating greater transparency for investors.

Financial Reporting Matters

Financial Reporting Matters
KPMG's Financial Reporting Matters is a newsletter that aims to keep you informed on financial reporting developments in Singapore and internationally.

Singapore Illustrative Financial Statements 2013

Singapore Illustrative Financial Statements 2013
This publication illustrates best practice disclosures, updated to comply with the latest requirements of the Singapore Companies Act, Singapore Financial Reporting Standards (FRSs) and Singapore Exchange Limited (SGX) Listing Manual.
IFRS Guide to annual financial statements
Every investment fund has a unique story to tell, and its financial statements should contribute to communicating that story effectively. Our updated guide provides examples of how to present clearer and more engaging IFRS disclosures, organised in a more cohesive way.

The application of IFRS Retail
The publication focuses on key IFRS accounting issues facing retail companies and the companies’ approaches to address them.

The application IFRS: Food & Drink & Consumer Goods This survey-based publication focuses on the key IFRS accounting issues facing food, drink and consumer goods (FDCG) companies and the approaches taken by companies to address them.

Expected Credit Loss
The IASB's revised proposals are a step change in accounting for impairment, with big impacts likely for banks and similar financial institutions.

Financial Instruments
On 7 March 2013, the IASB issued its long-awaited revised proposals on accounting for the impairment of financial assets. The proposals aim to address concerns about ‘too little, too late’ provisioning for loan losses.

Continuing Hedge Accounting

The IASB’s proposals on the continuation of hedge accounting after novation would provide some relief – but do they go far enough?