About FS Manager
With effect from 1 November 2007, Singapore incorporated companies which are either unlimited or limited by shares will be required to file their financial statements in XBRL.
FS Manager is a free online tool provided by ACRA as part of BizFile to help companies prepare and manage financial statements in XBRL format. Using FS Manager, company filers or relevant users (e.g. preparers of financial statements) can submit companies’ financials via completing a series of web-based forms. The web-based forms are designed in accordance with ACRA taxonomy requirements.
Outline
Introduction to XBRL
Why move to XBRL?
Types of Companies required to file accounts with ACRA
Company Act Requirements & PD 2 of 2007 (Excluded Companies)
Introduction to FS Manager
Roles of Company Secretaries, Preparers, Auditors, Authorised Users (Company Secretaries and Directors)
Preparation of Management and/or Audited Accounts using FS Manager
FS Manager User Guide
How to prepare Directors Report and Statement by Directors
ACRA Practice Direction 2 of 2007 - Changes to filing Requirements from 1 Nov 2007
Procedures leading to the finalisation of audited financial statements and reports for AGM
Filing of Financial Statements together with Annual Returns with ACRA
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