Category: FRS

As cryptoassets (such as cryptocurrencies, tokens and other digital assets) become more widely held by companies, traditional accounting methods face new challenges. Because of this shift, recognizing and reporting cryptoassets correctly under prevailing Singapore accounting standards is critical. Why Cryptoassets Aren’t Treated Like Cash or Securities Cryptoassets (e.g., Bitcoin, Ethereum) are not considered cash or…

The International Accounting Standards Board (IASB) has issued IFRS 18 – Presentation and Disclosure in Financial Statements, introducing major changes to how financial performance is presented. Singapore is expected to adopt IFRS 18 into SFRS(I), with the effective date set for annual periods beginning on or after 1 January 2027. Because IFRS 18 significantly restructures…