If your company had used the FS Manager to arrange the complete set of financial statements for tabling at the Annual General Meeting (AGM), or that the FS Manager is used to assemble a chock-full set of financial statements identical in content to the full set of financial statements tabled at the AGM, your company falls under Option A (Full XBRL). Just a side note: for the matter of a private company which has allocate with holding an AGM, the complete set of financial statements will be that sent to the shareholders of the company.
For Option B (Partial XBRL), companies must attach a PDF copy of its full set of financial statements as tabled at the AGM with its AR. While filing your financial statements, be sure to take note of the financial periods as there is a difference.
A company that chooses to file in Option B that file a minimum of the balance sheet, income statement and information denoted by a red asterisk in FS Manager will be categorised under financial periods beginning on or before 31st December 2008.
Finally, for financial periods beginning on or after 1st January 2009 (unless earlier, if FRS 1(R) has been early adopted). As of 28th March 2008, the Accounting Standards Council has issued the revised FRS 1 for Singapore joined companies [FRS 1(R)]. With earlier adoption permitted, this is effective for annual periods beginning on or after 1st January 2009. A company which chooses to file in Option B will be required to file a minimum of its Statement of Financial Position, Statement of Comprehensive Income and information denoted by a red asterisk in FS Manager. If the company presents all items of income and expense in two statements, both the Statement of Comprehensive Income and Income Statement must also be filed.
Filing financial statements with the ACRA (Accounting and Corporate Regulatory Authority) is one of the many steps involved if you were to register a company in Singapore. The first thing every applicant should know is that the ACRA accepts filing of financial statements in both PDF and XBRL form. As of 1st November 2007, companies in Singapore which are limited by shares or unlimited must file their financial statements in XBRL format for financial periods ending after or on 30th April 2007. However, for the sake of convenience and hassle-free, do keep in mind for some exceptions as listed below.