FRS definition

FRS means the Singapore Financial Reporting Standards.
FRS means a financial reporting standard or statement of standard accounting practice ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .

Examples of FRS in a sentence

  • The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates.

  • The charity constitutes a public benefit entity as defined by FRS 102.

  • Changes to the Group’s accounting policies have been made as required, in accordance with the transitional provisions in the respective FRS and INT FRS.

  • The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

  • The preparation of financial statements in conformity with FRS requires management to exercise its judgement in the process of applying the Group’s accounting policies.


More Definitions of FRS

FRS means the financial reporting standards prescribed by the Accounting Standards Council of Singapore from time to time;
FRS means Financial Reporting Standard of the Accounting Standards Board Limited.
FRS means a financial reporting standard issued by the Accounting Standards Board for application in England and Wales and where referenced by a number means that particular financial reporting standard;
FRS means the length of the civil servant's reckonable service up to and including the relevant last day for which full contributions under rule 4.15 are due;
FRS together with a number means the financial reporting standard issued by the Accounting Standards Board for application in England and Wales and identified by reference to that number.