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This document outlines the details of the seminar regarding the enhancements to the National XBRL filing system, including the agenda, speakers, registration information, and payment details.
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How to fill out ACRA XBRL Revamp 2012 Consultation Paper

01
Download the ACRA XBRL Revamp 2012 Consultation Paper from the official ACRA website.
02
Read through the consultation paper thoroughly to understand its objectives and requirements.
03
Gather necessary financial data and documentation that will need to be included in the XBRL filings.
04
Familiarize yourself with XBRL formatting and tagging requirements as outlined in the consultation paper.
05
Prepare the XBRL files according to the guidelines provided in the paper.
06
Complete any necessary internal reviews to ensure accuracy and compliance with the requirements.
07
Submit the finalized XBRL filings through the ACRA submission portal before the deadline.

Who needs ACRA XBRL Revamp 2012 Consultation Paper?

01
Companies and businesses required to file annual financial statements with ACRA.
02
Accountants and financial professionals preparing the financial documents for submission.
03
Regulatory authorities needing updated and standardized financial information for analysis.
04
Stakeholders, including investors and creditors, seeking transparency in corporate financial reporting.
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The ACRA XBRL Revamp 2012 Consultation Paper outlines proposed changes and enhancements to the XBRL filing requirements for companies in Singapore, aiming to improve the quality of financial reporting.
All registered business entities in Singapore, including private companies, public companies, and foreign companies that are registered with ACRA, are required to file reports in XBRL format as per the guidelines of the revamp.
To fill out the ACRA XBRL Revamp 2012 Consultation Paper, businesses need to use the XBRL software provided by ACRA or other compliant software, enter the required financial data, and ensure accurate tagging of the information before submitting it to ACRA.
The purpose of the ACRA XBRL Revamp 2012 Consultation Paper is to solicit feedback from stakeholders on proposed changes to the XBRL filing framework, ensuring it meets the needs of users and enhances transparency and comparability in financial reporting.
The information required to be reported on the ACRA XBRL Revamp 2012 Consultation Paper includes financial statements, notes to the financial statements, and other relevant disclosures as specified by ACRA guidelines, all in XBRL format.
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