Need help in using FS Manager? Want to understand more about filing in XBRL? Help resources are available:
| Available Help Resources |
Where to find it? |
| “Common Do's and Don'ts” of FS Manager |
Access from here or from the left hand navigation panel of FS Manager and the user-guide |
| Comprehensive Step-By-Step FS Manager “User-Guide” |
Access from here or from the left hand navigation panel of FS Manager |
| Ask ACRA – An Interactive FAQ Service |
Access Ask ACRA - eXtensible Business Reporting Language (XBRL) category where you will be able to search for our database on the frequently asked questions or email your questions to us |
| Helpdesk |
Tel: 6248 6028
To enable Helpdesk to respond to the problem quickly, please provide them with the following information:
- Nature of the problem;
- Message displayed on the screen (if any);
- Date and time the problem was encountered;
- Company registration number; and
- XBRL document |
More materials on FS Manager, which include ACRA Taxonomy and samples of financial statements created using FS Manager, are available here.
Upload to BizFile
Please follow the following steps to upload the XBRL financial statements to BizFile:
1) Login to BizFile with your identification number (NRIC) and SingPass
2) Under e-Services > Local Company, click on “Annual Filing” and select “Annual Return by Local Company”
3) Enter the company registration number and select the appropriate company type/status
4) Review the pages and click “Next” until “AGM and Financial Details” page
5) Enter date of Annual General Meeting
6) Select either Option A or Option B
7) Click “Go to FS Manager”
8) Load XBRL financial statements in FS Manager
9) Check all applicable fields in FS Manager are completed
10) Select “Conclude Financial Statements”
11) Select “Upload Financial Statements”
12) Click “Refresh” if the uploaded information is not reflected in the Annual Return
To edit the XBRL financial statements after upload in BizFile, click “Financial Year End” hyperlink under the header “For financial statement that has been uploaded to BizFile” on the same page in the Annual Return.
Income Tax Return Filing to IRAS
Companies that have filed a full set of financial statements with ACRA in Full XBRL are not required to file the same with IRAS. However, companies are still required to submit a copy of their detailed profit and loss statement together with their income tax return (i.e. Form C).
Second Year Filing of XBRL
For subsequent years of filing / preparation of XBRL financial statements for the company, you will be able to pre-populate prior period figures such that you will only need to key in the figures for the current financial period, unless there are amendments to prior period figures.
With BizFile login
Authorised personnel (company officers and their duly appointed agents, i.e. professional firms, service bureau and their employees etc.) can retrieve the prior period XBRL financial statements filed by choosing the 'Create' option.
Enter the required information for current year filing. When the system detects that the prior financial period start and end dates tally with the prior period XBRL financial statements filed, the system will prompt to ask if you would like to load the prior period (e.g. 2007) XBRL financial statements filed to pre-populate the prior period figures (e.g. 2007) for current period (e.g. 2008) XBRL financial statements.
Without BizFile login
If you have a copy of the prior period (e.g. 2007) XBRL financial statements, prior period figures (e.g. 2007) for current period (e.g. 2008) XBRL financial statements may be pre-populated using FS Manager.
Step 1: Open prior period (2007) XBRL financial statements in FS Manager.
Step 2: Under Enter Company Registration Number, edit the dates of the financial periods in the following example:
|
Previous Financial Periods |
New Financial Periods |
|
Current Financial Period Start Date |
1 January 2007 |
1 January 2008 |
|
Current Financial Period End Date |
31 December 2007 |
31 December 2008 |
|
Prior Financial Period Start Date |
1 January 2006 |
1 January 2007 |
|
Prior Financial Period End Date |
31 December 2006 |
31 December 2007 |
The system will detect that your new prior financial period start and end dates are the same as your previous current financial period start and end dates. If you would like to pre-populate the prior period (2007) figures directly into your new (2008) financial statements, please click on the checkbox of moving the data in the financial statements according to the financial periods stated.
Taxonomy versions in FS Manager
Please refer to the following table for guidance:
|
Taxonomy Version |
Full SFRS |
SFRS for Small Entities |
|
V1.23 (2007) |
V2.10 (2009) |
V2.11 (2009) |
V2.12 (2011) |
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For Financial Periods |
Beginning on or before
31 December 2008 |
Beginning on or after
1 January 2009 |
Beginning on or after
1 July 2009 |
Beginning on or after
1 January 2011 |
|
For Early Adoption |
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For financial statements with periods beginning before 1 January 2009, you will choose this version 2.10 only if there is early adoption of the revised FRS 1 (revised FRS 1 is applicable for financial periods beginning on or after 1 January 2009). |
For financial statements with periods beginning before 1 July 2009, you will choose this version 2.11 only if there is early adoption of the revised FRS 27 and FRS 103 (revised FRS 27 and FRS 103 are applicable for financial periods beginning on or after 1 July 2009). |
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Additional Notes on Differences between Taxonomy Versions |
Difference between V1.23 and V2.10 |
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Presentation of components of other comprehensive income and "Total Comprehensive Income" in the Statement of Comprehensive Income |
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Difference between V2.10 and V2.11 |
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Use of Minority Interest (if applicable) |
Use of Non-Controlling Interests (if applicable) |
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Identical in Content
Identical in content scenario for financial statements under Full XBRL (Option A) includes the following scenarios:
(1) an identical usage of financial terminologies in the AGM copy of the financial statements with ACRA Taxonomy terminology (i.e. Property, Plant and Equipment, Total); and
(2) when the contents in the AGM copy of the financial statements is exactly the same "word-for-word" vis-a-vis the PDF copy of the financial statements prepared using FS Manager.
Please refer to Practice Direction No. 3 of 2008.
Training Information
With effect from 1 November 2007, filing of financial statements in XBRL is required for companies. ACRA has since collaborated with professional training partners to provide training on the use of FS Manager- a free online tool provided by ACRA to enable companies to prepare, manage and file their financial statements in XBRL.
Please refer to the XBRL Training Calendar for more information on the respective trainers and trainings provided.