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Accounting Standards for Statutory Boards
Issuance of SB-FRS Guidance Notes

Issuance of SB-FRS Guidance Note 9 and SB-FRS Guidance Note 10

31 March 2021

Read about the Issuance of SB-FRS Guidance Note.

SB-FRS Guidance Note 9 Accounting for Depreciation of Statutory-Board Owned Assets Situated on Land Allocated under Tenancy Agreements Governed by State Land Rules and SB-FRS Guidance Note 10 Accounting for Capital Assets Funded Using Statutory Boards' Reserves on Behalf of the Government, effective for annual reporting periods beginning on or after 1 April 2021, have been issued. Earlier application is permitted.