• What is eXtensible Business Reporting Language (XBRL) ?

  eXtensible Business Reporting Language (XBRL) is a standardised format of financial reporting for almost all businesses in Singapore. Depending on your company’s revenue and assets, you can submit your financial reports in Simplified XBRL format instead of the Full XBRL format. The XBRL is the international format for financial reporting and the filing must be completed on ACRA’s portal BizFinx.Few readers

• Is it necessary to file financial reports in full XBRL format?

  All companies incorporated in Singapore which are either limited or unlimited by shares (except exempted companies) are required to file their full set of financial statements in XBRL format according to the recent guidelines released by ACRA (Accounting and Corporate Regulatory Authority) Singapore June 2013.Few readers