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STATUTORY BOARD
FINANCIAL
REPORTING STANDARDRevenue
Illustrative ExamplesSBFRS 18SBFRS 18 Illustrative examples
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Who needs sb-frs 18?
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Small businesses: sb-frs 18, which stands for Small Business Financial Reporting Standard 18, is specifically designed for small businesses. If you own a small business, sb-frs 18 may be applicable to you.
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Financial institutions: Banks, lenders, and other financial institutions may require small businesses to fill out sb-frs 18 as part of their loan application or evaluation process.
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Investors and stakeholders: If your small business has external investors or stakeholders, they may request or require the submission of sb-frs 18 to assess the financial health and performance of the business.
Note: It is always recommended to consult with a financial advisor or accounting professional to ensure proper understanding and compliance with sb-frs 18.
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What is sb-frs 18?
sb-frs 18 refers to the Singapore Financial Reporting Standard 18, which pertains to revenue recognition.
Who is required to file sb-frs 18?
Entities in Singapore that are required to follow the Singapore Financial Reporting Standards are required to file sb-frs 18.
How to fill out sb-frs 18?
To fill out sb-frs 18, entities need to follow the guidelines provided in the standard and ensure all relevant revenue recognition information is accurately reported.
What is the purpose of sb-frs 18?
The purpose of sb-frs 18 is to provide a framework for entities to recognize revenue in a consistent and reliable manner.
What information must be reported on sb-frs 18?
Entities must report information related to revenue recognition, including the timing and amount of revenue recognized.
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